Insider Selling: Mercury Systems, Inc. (NASDAQ:MRCY) Director Sells 1,843 Shares of Stock

Mercury Systems, Inc. (NASDAQ:MRCY) Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the sale, the director now directly owns 11,339 shares in the company, valued at approximately $431,675.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mercury Systems Stock Performance

Shares of MRCY opened at $38.02 on Friday. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $42.72. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40. The company has a market cap of $2.26 billion, a PE ratio of -16.18 and a beta of 0.69. The stock has a 50-day moving average price of $35.45 and a 200-day moving average price of $31.35.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The business had revenue of $248.56 million during the quarter, compared to analyst estimates of $223.80 million. As a group, equities analysts forecast that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Mercury Systems from $30.00 to $35.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. JPMorgan Chase & Co. boosted their price objective on Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Truist Financial upped their price target on Mercury Systems from $26.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Finally, Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $33.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Mercury Systems during the 4th quarter valued at about $13,294,000. Dimensional Fund Advisors LP grew its position in Mercury Systems by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,974,504 shares of the technology company’s stock valued at $72,208,000 after acquiring an additional 325,549 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Mercury Systems by 14.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock worth $45,848,000 after acquiring an additional 199,600 shares during the last quarter. Roubaix Capital LLC purchased a new stake in shares of Mercury Systems in the 2nd quarter valued at $3,684,000. Finally, Jane Street Group LLC grew its holdings in shares of Mercury Systems by 102.6% during the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock valued at $7,597,000 after purchasing an additional 130,396 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

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.