Insider Selling: Mercury Systems, Inc. (NASDAQ:MRCY) CAO Sells $26,251.40 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) CAO Douglas Munro sold 595 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $44.12, for a total transaction of $26,251.40. Following the completion of the transaction, the chief accounting officer now owns 14,572 shares of the company’s stock, valued at $642,916.64. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mercury Systems Trading Down 1.4 %

Shares of NASDAQ:MRCY traded down $0.64 during mid-day trading on Wednesday, reaching $44.00. 507,276 shares of the company’s stock were exchanged, compared to its average volume of 535,004. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -28.21 and a beta of 0.79. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25. The business’s fifty day moving average price is $42.25 and its 200-day moving average price is $39.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. On average, research analysts predict that Mercury Systems, Inc. will post -0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MRCY. Signaturefd LLC increased its position in shares of Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after buying an additional 393 shares during the period. Neo Ivy Capital Management bought a new stake in Mercury Systems during the fourth quarter valued at $33,000. Nisa Investment Advisors LLC grew its holdings in Mercury Systems by 43.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after acquiring an additional 503 shares during the period. Sterling Capital Management LLC raised its position in shares of Mercury Systems by 762.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock worth $69,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Mercury Systems in the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on MRCY. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Truist Financial lifted their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Robert W. Baird raised shares of Mercury Systems from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.14.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.