Mercury Systems Inc (NASDAQ:MRCY – Get Free Report) EVP Stuart Kupinsky sold 1,000 shares of the business’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $76.00, for a total value of $76,000.00. Following the transaction, the executive vice president owned 59,971 shares in the company, valued at approximately $4,557,796. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stuart Kupinsky also recently made the following trade(s):
- On Monday, September 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The shares were sold at an average price of $86.52, for a total value of $86,520.00.
- On Friday, August 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The shares were sold at an average price of $95.23, for a total value of $95,230.00.
- On Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The stock was sold at an average price of $100.31, for a total value of $131,205.48.
- On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total value of $131,182.08.
- On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The stock was sold at an average price of $109.95, for a total value of $131,390.25.
Mercury Systems Stock Performance
MRCY opened at $78.58 on Thursday. Mercury Systems Inc has a 52-week low of $65.04 and a 52-week high of $128.45. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29. The company has a market cap of $4.78 billion, a P/E ratio of -157.16 and a beta of 0.97. The firm’s 50-day moving average price is $82.69 and its 200-day moving average price is $91.99.
Mercury Systems (NASDAQ:MRCY – Get Free Report) last released its earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The company had revenue of $289.78 million during the quarter, compared to analyst estimates of $266.09 million. Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $0.47 earnings per share. As a group, equities analysts anticipate that Mercury Systems Inc will post 0.91 EPS for the current fiscal year.
Institutional Trading of Mercury Systems
Institutional investors and hedge funds have recently bought and sold shares of the business. Verdence Capital Advisors LLC raised its position in shares of Mercury Systems by 4.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,169 shares of the technology company’s stock worth $263,000 after purchasing an additional 143 shares during the last quarter. Signaturefd LLC boosted its holdings in Mercury Systems by 66.8% in the 3rd quarter. Signaturefd LLC now owns 1,306 shares of the technology company’s stock worth $108,000 after buying an additional 523 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in Mercury Systems by 16.8% in the 3rd quarter. Yousif Capital Management LLC now owns 16,808 shares of the technology company’s stock worth $1,395,000 after buying an additional 2,423 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Mercury Systems by 18.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,200 shares of the technology company’s stock worth $432,000 after buying an additional 811 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Mercury Systems by 2.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 8,017 shares of the technology company’s stock worth $615,000 after buying an additional 167 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently commented on MRCY. Zacks Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings downgraded Mercury Systems from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, September 28th. Truist Financial raised their target price on Mercury Systems from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Oppenheimer initiated coverage on Mercury Systems in a research report on Thursday, October 22nd. They set an “outperform” rating and a $90.00 price target for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $115.00 price target on shares of Mercury Systems in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Mercury Systems presently has an average rating of “Moderate Buy” and a consensus price target of $107.18.
Read Our Latest Report on Mercury Systems
About Mercury Systems
Mercury Systems, Inc is an aerospace and defense technology company that develops and manufactures mission-critical computing and electronic systems. Its products are designed for use in aircraft, unmanned systems, naval vessels, ground vehicles, radar platforms and other defense applications.
The company provides embedded computing solutions, including high-performance processors, ruggedized computers, secure servers, data-storage systems and software. Its portfolio also includes radio-frequency and microwave components, electronic warfare systems, signal processing technologies and systems used for radar, communications, avionics and intelligence, surveillance and reconnaissance missions.
Founded in 1981 and headquartered in Andover, Massachusetts, Mercury Systems primarily serves the U.S.
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