Mercury Systems (NASDAQ:MRCY) EVP Stuart Kupinsky Sells 1,000 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $95.23, for a total transaction of $95,230.00. Following the sale, the executive vice president directly owned 56,352 shares in the company, valued at $5,366,400.96. The trade was a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 shares were sold at an average price of $109.95, for a total value of $131,390.25.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $87.74 on Wednesday. The business’s fifty day moving average is $106.52 and its 200 day moving average is $94.87. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of -175.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96. Mercury Systems Inc has a 52-week low of $65.04 and a 52-week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $289.78 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Research analysts predict that Mercury Systems Inc will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Mercury Systems in the 2nd quarter worth about $43,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Mercury Systems during the 2nd quarter valued at about $52,000. Leonteq Securities AG bought a new stake in Mercury Systems in the 4th quarter worth approximately $35,000. Hollencrest Capital Management bought a new stake in shares of Mercury Systems in the 4th quarter worth approximately $37,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock valued at $32,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 95.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MRCY. Royal Bank Of Canada increased their target price on shares of Mercury Systems from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Weiss Ratings raised shares of Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday. Truist Financial increased their price objective on Mercury Systems from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Robert W. Baird lifted their price objective on Mercury Systems from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Finally, Canaccord Genuity Group boosted their target price on Mercury Systems from $106.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mercury Systems presently has an average rating of “Hold” and a consensus target price of $110.10.

Key Headlines Impacting Mercury Systems

Here are the key news stories impacting Mercury Systems this week:

• Neutral Sentiment: Reported short interest was listed at zero shares as of August 25, unchanged from zero shares previously, with a 0.0-day days-to-cover ratio. Because the data also reports an invalid “NaN” percentage change, it provides little useful signal for investors.
• Neutral Sentiment: A law firm is asking Mercury Systems shareholders to discuss their rights and options regarding alleged potential fiduciary-duty breaches. The release is an investor solicitation rather than a confirmed regulatory finding or lawsuit outcome, but it may add headline risk. Shareholder fiduciary-duty solicitation
• Negative Sentiment: CEO William L. Ballhaus sold 65,000 shares for approximately $6.0 million on August 21 at an average price of $92.41, reducing his direct ownership by 20.25%. He sold another 108,209 shares for approximately $9.7 million on August 24 at an average price of $89.50, a 26.52% reduction in ownership. The combined sales of roughly $15.7 million can be viewed as a lack of confidence by some investors, even though insider sales can also reflect diversification or personal financial planning. CEO SEC Form 4 filings
• Negative Sentiment: EVP Stuart Kupinsky sold 1,000 shares for $95,230, while EVP Steven Ratner sold 356 shares for $32,524. Kupinsky’s transaction was executed under a pre-arranged Rule 10b5-1 plan, which somewhat reduces its signaling value, but the additional executive selling reinforces the near-term bearish narrative. Executive SEC Form 4 filings

Mercury Systems Company Profile

Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.