Insider Selling: Mercury Systems (NASDAQ:MRCY) EVP Sells 356 Shares of Stock

Key Points

• Mercury Systems EVP Steven Ratner sold 356 shares at an average price of $91.36, worth $32,524.16. This followed four additional sales from August 17–20 totaling more than $658,000.
• MRCY shares fell to $87.74, while the company reported quarterly revenue of $289.78 million, exceeding estimates, but adjusted earnings of $0.37 per share slightly missed expectations.
• Institutional investors own 95.99% of Mercury Systems, and analysts maintain a mixed outlook with an average “Hold” rating and a consensus price target of $110.10.

Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Steven Ratner sold 356 shares of the company'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 filing with the SEC, which can be accessed 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 transaction of $100,209.42.
• On Wednesday, August 19th, Steven Ratner sold 2,187 shares of Mercury Systems stock. The shares were sold at an average price of $100.31, for a total transaction 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 transaction of $219,490.56.
• On Monday, August 17th, Steven Ratner sold 1,084 shares of Mercury Systems stock. The stock was sold at an average price of $109.95, for a total transaction of $119,185.80.

Mercury Systems Stock Performance

MRCY stock traded down $1.85 during mid-day trading on Tuesday, reaching $87.74. 1,093,324 shares of the stock traded hands, compared to its average volume of 682,659. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29. Mercury Systems Inc has a 52 week low of $65.04 and a 52 week high of $128.45. The business has a 50-day moving average of $107.01 and a two-hundred day moving average of $94.79. The firm has a market capitalization of $5.28 billion, a PE ratio of -175.48 and a beta of 0.95.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 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 business had revenue of $289.78 million during the quarter, compared to the consensus estimate of $266.09 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Mercury Systems Inc will post 0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Mercury Systems

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Mercury Systems during the second quarter worth $1,146,342,000. Deutsche Bank AG bought a new stake in shares of Mercury Systems in the 2nd quarter worth about $17,454,000. Rice Hall James & Associates LLC bought a new stake in shares of Mercury Systems in the 2nd quarter worth about $4,866,000. Louisiana State Employees Retirement System acquired a new stake in shares of Mercury Systems during the 1st quarter worth about $1,706,000. Finally, One Capital Management LLC lifted its holdings in Mercury Systems by 43.6% during the 4th 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. 95.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MRCY shares. The Goldman Sachs Group increased their price objective on Mercury Systems from $60.00 to $68.00 and gave the company a "sell" rating in a research report on Monday, May 11th. Piper Sandler reissued an "overweight" rating and issued a $131.00 price target (up from $126.00) on shares of Mercury Systems in a report on Wednesday, August 19th. Robert W. Baird boosted their price objective on shares of Mercury Systems from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Wall Street Zen downgraded Mercury Systems from a "buy" rating to a "hold" rating in a research report on Saturday, July 18th. Finally, Truist Financial boosted their price target on Mercury Systems from $109.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $110.10.

About Mercury Systems

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.

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