Mercury Systems, Inc. (NASDAQ:MRCY) EVP Steven Ratner Sells 3,892 Shares

Mercury Systems, Inc. (NASDAQ:MRCY - Get Free Report) EVP Steven Ratner sold 3,892 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $47.70, for a total value of $185,648.40. Following the transaction, the executive vice president now owns 56,187 shares of the company's stock, valued at $2,680,119.90. This trade represents a 6.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Mercury Systems Stock Up 1.1%

Shares of NASDAQ:MRCY traded up $0.48 during trading hours on Thursday, hitting $45.36. The company's stock had a trading volume of 289,886 shares, compared to its average volume of 577,389. The firm's fifty day moving average price is $46.29 and its 200 day moving average price is $43.07. Mercury Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $52.25. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -29.07 and a beta of 0.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The technology company reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. Mercury Systems had a negative net margin of 10.23% and a negative return on equity of 2.03%. The company had revenue of $211.36 million during the quarter, compared to the consensus estimate of $204.25 million. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. Mercury Systems's revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Mercury Systems, Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Baird R W upgraded Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group boosted their price objective on shares of Mercury Systems from $30.00 to $33.00 and gave the company a "sell" rating in a research report on Monday. Truist Financial upgraded shares of Mercury Systems from a "hold" rating to a "buy" rating and upped their target price for the stock from $49.00 to $56.00 in a research note on Thursday, March 13th. Robert W. Baird raised shares of Mercury Systems from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $37.00 to $58.00 in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada boosted their price target on Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mercury Systems has a consensus rating of "Hold" and a consensus target price of $46.71.

Hedge Funds Weigh In On Mercury Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vident Advisory LLC boosted its stake in Mercury Systems by 114.1% in the first quarter. Vident Advisory LLC now owns 76,533 shares of the technology company's stock valued at $3,298,000 after acquiring an additional 40,784 shares in the last quarter. State of Wyoming increased its holdings in Mercury Systems by 5.2% in the 1st quarter. State of Wyoming now owns 15,721 shares of the technology company's stock worth $677,000 after buying an additional 775 shares during the period. Trexquant Investment LP raised its position in Mercury Systems by 100.7% during the 1st quarter. Trexquant Investment LP now owns 121,220 shares of the technology company's stock worth $5,223,000 after buying an additional 60,820 shares during the last quarter. Ieq Capital LLC lifted its stake in Mercury Systems by 16.1% during the 1st quarter. Ieq Capital LLC now owns 6,652 shares of the technology company's stock valued at $287,000 after acquiring an additional 924 shares during the period. Finally, Comerica Bank lifted its stake in Mercury Systems by 19.8% during the 1st quarter. Comerica Bank now owns 218,362 shares of the technology company's stock valued at $9,409,000 after acquiring an additional 36,130 shares during the period. Hedge funds and other institutional investors own 95.99% of the company's stock.

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.