Mercury Systems Inc (NASDAQ:MRCY) EVP Sells 1,839 Shares

Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Steven Ratner sold 1,839 shares of Mercury Systems stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $53.48, for a total transaction of $98,349.72. Following the sale, the executive vice president now owns 35,174 shares of the company's stock, valued at approximately $1,881,105.52. The trade was a 4.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, May 8th, Steven Ratner sold 3,892 shares of Mercury Systems stock. The shares were sold at an average price of $47.70, for a total value of $185,648.40.

Mercury Systems Price Performance

Shares of NASDAQ:MRCY traded down $0.42 during trading on Wednesday, reaching $51.91. The stock had a trading volume of 121,328 shares, compared to its average volume of 595,840. The business has a fifty day moving average price of $48.82 and a 200-day moving average price of $44.88. Mercury Systems Inc has a 1-year low of $26.48 and a 1-year high of $54.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.25 and a current ratio of 3.44. The stock has a market cap of $3.10 billion, a PE ratio of -46.23 and a beta of 0.68.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Mercury Systems had a negative net margin of 7.33% and a negative return on equity of 0.77%. The firm had revenue of $211.36 million for the quarter, compared to the consensus estimate of $204.25 million. During the same period last year, the firm posted ($0.26) earnings per share. The company's revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Institutional Trading of Mercury Systems

Several large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its stake in shares of Mercury Systems by 4.0% in the 4th quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company's stock valued at $288,000 after purchasing an additional 266 shares during the last quarter. Ironwood Investment Management LLC lifted its holdings in shares of Mercury Systems by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 40,994 shares of the technology company's stock worth $1,722,000 after acquiring an additional 300 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mercury Systems by 59.6% in the 1st quarter. GAMMA Investing LLC now owns 1,058 shares of the technology company's stock worth $46,000 after acquiring an additional 395 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Mercury Systems by 4.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,763 shares of the technology company's stock worth $507,000 after purchasing an additional 449 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Mercury Systems by 53.8% in the 1st quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock valued at $56,000 after purchasing an additional 451 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MRCY shares. JPMorgan Chase & Co. lifted their target price on shares of Mercury Systems from $48.00 to $56.00 and gave the company a "neutral" rating in a report on Monday. Truist Financial raised their target price on Mercury Systems from $56.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. The Goldman Sachs Group upped their price target on Mercury Systems from $30.00 to $33.00 and gave the stock a "sell" rating in a report on Monday, May 12th. Finally, Royal Bank Of Canada increased their price target on Mercury Systems from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $49.57.

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.

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