Insider Selling: Mercury Systems (NASDAQ:MRCY) EVP Sells 1,000 Shares of Stock

Key Points

• Mercury Systems EVP Stuart Kupinsky sold 1,000 shares at an average price of $86.52, worth $86,520, reducing his holdings by 1.61% to 60,971 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Kupinsky has made several additional sales since mid-August, while Mercury Systems shares recently traded at $82.72—below their 50-day and 200-day moving averages and well below the one-year high of $128.45.
• The company narrowly missed quarterly earnings expectations but exceeded revenue forecasts, with revenue up 6.1% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $110.55.

Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Stuart Kupinsky sold 1,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $86.52, for a total value of $86,520.00. Following the transaction, the executive vice president owned 60,971 shares in the company, valued at $5,275,210.92. This trade represents a 1.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $95.23, for a total transaction 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 shares were 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 shares were sold at an average price of $109.95, for a total transaction of $131,390.25.

Mercury Systems Price Performance

Shares of MRCY stock traded down $1.16 on Wednesday, reaching $82.72. 444,705 shares of the company were exchanged, compared to its average volume of 683,328. The company has a market cap of $5.03 billion, a price-to-earnings ratio of -165.44 and a beta of 0.98. The business has a 50-day moving average price of $95.05 and a 200 day moving average price of $94.70. 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 1 year low of $65.04 and a 1 year high of $128.45.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $266.09 million. During the same period in the prior year, the business posted $0.47 earnings per share. The company's quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts forecast that Mercury Systems Inc will post 0.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MRCY has been the subject of several research reports. Robert W. Baird boosted their price target on Mercury Systems from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Zacks Research lowered Mercury Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Jefferies Financial Group reaffirmed a "hold" rating and set a $115.00 target price on shares of Mercury Systems in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft lowered shares of Mercury Systems to a "hold" rating in a report on Wednesday, August 12th. Finally, Truist Financial increased their target price on shares of Mercury Systems from $109.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Two investment analysts have 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.55.

Hedge Funds Weigh In On Mercury Systems

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

About Mercury Systems

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.