Stuart Kupinsky Sells 2,377 Shares of Mercury Systems, Inc. (NASDAQ:MRCY) Stock

Mercury Systems, Inc. (NASDAQ:MRCY) EVP Stuart Kupinsky sold 2,377 shares of the firm’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 $104,873.24. Following the completion of the transaction, the executive vice president now owns 62,834 shares of the company’s stock, valued at approximately $2,772,236.08. This trade represents a 3.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mercury Systems Stock Down 2.1 %

Mercury Systems stock opened at $43.06 on Friday. 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, Inc. has a 52-week low of $26.48 and a 52-week high of $52.25. The firm has a 50 day moving average price of $42.48 and a two-hundred day moving average price of $39.13. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -27.60 and a beta of 0.79.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on MRCY. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $58.00 in a report on Wednesday, February 5th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Truist Financial raised their price objective on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and raised their price objective for the company from $30.00 to $42.00 in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.14.

Institutional Trading of Mercury Systems

Several hedge funds have recently modified their holdings of the stock. Neo Ivy Capital Management bought a new stake in shares of Mercury Systems in the 4th quarter valued at $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Mercury Systems by 11.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,701 shares of the technology company’s stock valued at $5,909,000 after acquiring an additional 14,129 shares in the last quarter. Vident Advisory LLC increased its stake in shares of Mercury Systems by 29.2% in the 4th quarter. Vident Advisory LLC now owns 35,749 shares of the technology company’s stock valued at $1,501,000 after acquiring an additional 8,088 shares in the last quarter. Rafferty Asset Management LLC increased its stake in shares of Mercury Systems by 5.1% in the 4th quarter. Rafferty Asset Management LLC now owns 12,977 shares of the technology company’s stock valued at $545,000 after acquiring an additional 632 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Mercury Systems by 37.8% in the 4th quarter. ProShare Advisors LLC now owns 15,647 shares of the technology company’s stock valued at $657,000 after acquiring an additional 4,294 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

Mercury Systems Company Profile

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.