Insider Selling: Mercury Systems (NASDAQ:MRCY) EVP Sells 1,084 Shares

Key Points

• Mercury Systems EVP Steven Ratner sold 1,084 shares at an average price of $109.95, totaling about $119,186; the sale covered tax withholding tied to vested equity awards. He retained 28,459 shares and also sold 1,971 shares the following day.
• Mercury Systems reported quarterly revenue of $289.78 million, surpassing expectations of $266.09 million, but adjusted EPS of $0.37 narrowly missed consensus and declined from $0.47 a year earlier.
• The stock fell to $101.25, while analyst sentiment remained a “Moderate Buy” with an average price target of $106.80; several firms raised their targets following the results.

Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Steven Ratner sold 1,084 shares of the company's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $109.95, for a total transaction of $119,185.80. Following the transaction, the executive vice president owned 28,459 shares in the company, valued at $3,129,067.05. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 18th, Steven Ratner sold 1,971 shares of Mercury Systems stock. The shares were sold at an average price of $111.36, for a total transaction of $219,490.56.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY traded down $3.75 during trading on Wednesday, hitting $101.25. 1,723,371 shares of the stock were exchanged, compared to its average volume of 669,717. The company has a fifty day moving average price of $108.73 and a two-hundred day moving average price of $94.85. The company has a market cap of $6.08 billion, a PE ratio of -421.88 and a beta of 0.95. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.40. Mercury Systems Inc has a 12-month low of $62.78 and a 12-month high of $128.45.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released 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). The firm had revenue of $289.78 million during the quarter, compared to analysts' expectations of $266.09 million. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The business's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. On average, analysts forecast that Mercury Systems Inc will post 0.33 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on MRCY. Royal Bank Of Canada lifted their price target on Mercury Systems from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday. The Goldman Sachs Group increased their price objective on shares of Mercury Systems from $60.00 to $68.00 and gave the company a "sell" rating in a research note on Monday, May 11th. Truist Financial upgraded shares of Mercury Systems to a "strong-buy" rating in a research report on Friday, May 1st. Canaccord Genuity Group upped their price target on shares of Mercury Systems from $102.00 to $106.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of Mercury Systems from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Mercury Systems presently has an average rating of "Moderate Buy" and an average price target of $106.80.

Institutional Trading of Mercury Systems

Large investors have recently made changes to their positions in the stock. Maryland State Retirement & Pension System lifted its holdings in Mercury Systems by 1.8% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,714 shares of the technology company's stock valued at $563,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Mercury Systems by 8.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,984 shares of the technology company's stock worth $243,000 after purchasing an additional 155 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Mercury Systems by 1.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,058 shares of the technology company's stock worth $880,000 after purchasing an additional 187 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Mercury Systems by 1.3% during the fourth quarter. Arizona State Retirement System now owns 15,211 shares of the technology company's stock worth $1,111,000 after purchasing an additional 195 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of Mercury Systems by 3.0% in the third quarter. Focus Partners Wealth now owns 6,929 shares of the technology company's stock valued at $536,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 95.99% of the company's stock.

Key Headlines Impacting Mercury Systems

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Record fourth-quarter bookings rose 93.1% year over year to approximately $660 million, producing a 2.28 book-to-bill ratio. Backlog exceeded $1.9 billion, up 38.4% year over year, improving visibility as production ramps. Mercury Systems Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Fourth-quarter revenue increased 6.1% to roughly $290 million, exceeding analyst expectations near $266 million. Management’s fiscal 2027 targets point to low-double-digit revenue growth and potentially stronger performance ahead. Mercury Systems Q4 Earnings in Line, Revenues Top on Bookings
• Positive Sentiment: Several analysts raised their outlooks after the results. RBC increased its price target to $120 with an “outperform” rating, while Baird raised its target to $130 and Piper Sandler lifted its “overweight” target to $131. These Analysts Raise Their Forecasts on Mercury Systems After Q4 Results
• Neutral Sentiment: The broader market backdrop was mixed, with investors also monitoring geopolitical developments and technology stocks, potentially adding volatility to MRCY’s post-earnings reaction. Stock Market Futures Mixed
• Negative Sentiment: Adjusted EPS was $0.37, slightly below the $0.38 consensus and down from $0.47 a year earlier. GAAP EPS fell to approximately $0.01 from $0.27, while adjusted EBITDA declined to $49 million from $51 million. Lower profitability overshadowed the demand signals. Mercury Systems Drops as Q4 EPS Miss Overshadows Record Bookings
• Negative Sentiment: Fourth-quarter free cash flow eased to $29 million from $34 million, and full-year operating and free cash flow were below fiscal 2025 levels. Reported insider activity also showed sales and no open-market purchases in the past six months, adding a cautious signal.

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.

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