Mercury Systems (NASDAQ:MRCY) EVP Steven Ratner Sells 356 Shares

Mercury Systems Inc (NASDAQ:MRCY) EVP Steven Ratner sold 356 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $91.36, for a total value of $32,524.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Steven Ratner also recently made the following trade(s):

• On Thursday, August 20th, Steven Ratner sold 1,026 shares of Mercury Systems stock. The shares were sold at an average price of $97.67, for a total value of $100,209.42.
• On Wednesday, August 19th, Steven Ratner sold 2,187 shares of Mercury Systems stock. The stock was sold at an average price of $100.31, for a total value of $219,377.97.
• On Tuesday, August 18th, Steven Ratner sold 1,971 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total value of $219,490.56.
• On Monday, August 17th, Steven Ratner sold 1,084 shares of Mercury Systems stock. The shares were sold at an average price of $109.95, for a total value of $119,185.80.

Mercury Systems Price Performance

NASDAQ MRCY traded down $1.85 on Tuesday, hitting $87.74. 1,093,324 shares of the company were exchanged, compared to its average volume of 682,659. The firm has a 50 day moving average of $107.01 and a two-hundred day moving average of $94.79. The company has a market cap of $5.28 billion, a P/E ratio of -175.48 and a beta of 0.95. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. Mercury Systems Inc has a 1-year low of $65.04 and a 1-year high of $128.45.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The company had revenue of $289.78 million during the quarter, compared to analyst estimates of $266.09 million. During the same quarter in the previous year, the business posted $0.47 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts predict that Mercury Systems Inc will post 0.77 EPS for the current year.

Wall Street Analyst Weigh In

MRCY has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price objective on Mercury Systems from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Wall Street Zen lowered Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Canaccord Genuity Group upped their price target on Mercury Systems from $106.00 to $128.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Jefferies Financial Group reiterated a “hold” rating and issued a $115.00 price objective on shares of Mercury Systems in a research report on Friday, July 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $131.00 price objective (up from $126.00) on shares of Mercury Systems in a report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mercury Systems presently has a consensus rating of “Hold” and an average price target of $110.10.

Institutional Trading of Mercury Systems

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Mercury Systems in the 2nd quarter valued at $1,146,342,000. Deutsche Bank AG bought a new position in shares of Mercury Systems in the 2nd quarter worth $17,454,000. Rice Hall James & Associates LLC acquired a new stake in shares of Mercury Systems during the second quarter worth $4,866,000. Louisiana State Employees Retirement System acquired a new stake in shares of Mercury Systems during the first quarter worth $1,706,000. Finally, One Capital Management LLC increased its holdings in Mercury Systems by 43.6% in the fourth quarter. One Capital Management LLC now owns 29,300 shares of the technology company’s stock valued at $2,139,000 after purchasing an additional 8,893 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.