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

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $86.52, for a total value of $86,520.00. Following the sale, the executive vice president owned 60,971 shares of the company’s stock, valued at $5,275,210.92. The trade was a 1.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stuart Kupinsky also recently made the following trade(s):

• 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 transaction 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 transaction 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 transaction of $131,390.25.

Mercury Systems Stock Performance

Shares of MRCY opened at $83.18 on Friday. The company has a market capitalization of $5.06 billion, a PE ratio of -166.36 and a beta of 0.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96. The company’s 50 day moving average price is $94.38 and its 200 day moving average price is $94.66. Mercury Systems Inc has a 52 week low of $65.04 and a 52 week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The company had revenue of $289.78 million during the quarter, compared to analysts’ expectations of $266.09 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts expect that Mercury Systems Inc will post 0.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MRCY has been the topic of several analyst reports. Robert W. Baird increased their price target on shares of Mercury Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft lowered Mercury Systems to a “hold” rating in a report on Wednesday, August 12th. Weiss Ratings raised Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 24th. Wall Street Zen lowered Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Finally, JPMorgan Chase & Co. upped their target price on Mercury Systems from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mercury Systems currently has a consensus rating of “Moderate Buy” and an average target price of $110.55.

Hedge Funds Weigh In On Mercury Systems

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Mercury Systems in the 2nd quarter worth approximately $1,146,342,000. Geode Capital Management LLC boosted its position in shares of Mercury Systems by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock valued at $99,940,000 after acquiring an additional 47,174 shares during the period. Wellington Management Group LLP grew its stake in shares of Mercury Systems by 2.6% in the second quarter. Wellington Management Group LLP now owns 775,502 shares of the technology company’s stock worth $94,867,000 after acquiring an additional 19,977 shares during the last quarter. Bamco Inc. NY bought a new position in Mercury Systems during the second quarter worth $74,244,000. Finally, Segall Bryant & Hamill LLC increased its position in Mercury Systems by 46.9% during the first quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock worth $68,158,000 after acquiring an additional 298,298 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc is a technology company that develops and manufactures secure, high-performance computing and sensor-processing solutions for the aerospace and defense industries. Its products are designed for use in mission-critical applications where ruggedness, rapid data processing, cybersecurity and long operational life are essential.

The company’s offerings include embedded computing systems, digital signal processing technologies, radio-frequency and microwave components, avionics systems, sensor-processing solutions, electronic warfare technology and secure communications products.