Mercury Systems, Inc. (NASDAQ:MRCY) COO Sells $103,329.04 in Stock

Mercury Systems, Inc. (NASDAQ:MRCY) COO Charles Roger Iv Wells sold 2,342 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $103,329.04. Following the completion of the transaction, the chief operating officer now owns 95,928 shares in the company, valued at $4,232,343.36. This represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mercury Systems Stock Performance

NASDAQ:MRCY opened at $44.00 on Thursday. The company has a current ratio of 3.62, a quick ratio of 2.36 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average of $42.48 and a 200-day moving average of $39.13. Mercury Systems, Inc. has a twelve month low of $26.48 and a twelve month high of $52.25. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -28.21 and a beta of 0.79.

Mercury Systems (NASDAQ:MRCY) last posted 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%. Analysts forecast that Mercury Systems, Inc. will post -0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MRCY. The Goldman Sachs Group raised their price target on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Thursday, January 16th. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. Truist Financial raised their target price on Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $42.14.

Institutional Trading of Mercury Systems

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC grew its position in Mercury Systems by 144.0% during the third quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock valued at $25,000 after purchasing an additional 393 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Mercury Systems during the 4th quarter valued at $33,000. Sterling Capital Management LLC grew its holdings in shares of Mercury Systems by 762.6% during the 4th quarter. Sterling Capital Management LLC now owns 1,639 shares of the technology company’s stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Mercury Systems by 43.2% in the third quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock worth $62,000 after acquiring an additional 503 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Mercury Systems during the fourth quarter worth $75,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

About Mercury Systems

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.