Stuart Kupinsky Sells 1,000 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Key Points

• Mercury Systems EVP Stuart Kupinsky sold 1,000 shares at an average price of $95.23, reducing his direct ownership by 1.74% to 56,352 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and followed three additional sales totaling 3,681 shares.
• Mercury Systems shares fell 2.1% to $87.74, while the company’s latest quarterly earnings missed expectations slightly at $0.37 per share versus $0.38 forecast. Revenue exceeded estimates at $289.78 million and rose 6.1% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $110.10; several firms recently raised their targets, including Canaccord Genuity to $128 and Truist Financial to $120.

Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Stuart Kupinsky sold 1,000 shares of Mercury Systems stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $95.23, for a total transaction of $95,230.00. Following the transaction, the executive vice president directly owned 56,352 shares in the company, valued at $5,366,400.96. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The shares were 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 stock was 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 Trading Down 2.1%

Shares of NASDAQ:MRCY traded down $1.85 on Tuesday, reaching $87.74. 1,093,324 shares of the company traded hands, compared to its average volume of 682,659. The business's 50-day simple moving average is $107.01 and its 200 day simple moving average is $94.79. Mercury Systems Inc has a 52 week low of $65.04 and a 52 week high of $128.45. The stock has a market capitalization of $5.28 billion, a P/E ratio of -175.48 and a beta of 0.95. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its 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). The company had revenue of $289.78 million during the quarter, compared to the consensus estimate of $266.09 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. As a group, equities analysts anticipate that Mercury Systems Inc will post 0.77 EPS for the current fiscal year.

Analysts Set New Price Targets

MRCY has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Mercury Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Canaccord Genuity Group increased their target price on shares of Mercury Systems from $106.00 to $128.00 and gave the stock a "buy" rating in a report on Thursday, August 20th. Truist Financial raised their target price on Mercury Systems from $109.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, August 20th. JPMorgan Chase & Co. boosted their price target on Mercury Systems from $99.00 to $101.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Finally, Weiss Ratings raised Mercury Systems from a "sell (d-)" rating to a "sell (d)" rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $110.10.

Institutional Investors Weigh In On Mercury Systems

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its position in shares of Mercury Systems by 53.2% during the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company's stock valued at $32,000 after buying an additional 208 shares during the period. Leonteq Securities AG purchased a new position in shares of Mercury Systems during the 4th quarter worth approximately $35,000. Hollencrest Capital Management purchased a new position in shares of Mercury Systems during the 4th quarter worth approximately $37,000. Public Employees Retirement System of Ohio bought a new position in shares of Mercury Systems in the 2nd quarter worth approximately $43,000. Finally, Federated Hermes Inc. bought a new position in shares of Mercury Systems in the 2nd quarter worth approximately $43,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

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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