Douglas Munro Sells 595 Shares of Mercury Systems, Inc. (NASDAQ:MRCY) Stock

Mercury Systems, Inc. (NASDAQ:MRCY) CAO Douglas Munro sold 595 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total transaction of $26,251.40. Following the transaction, the chief accounting officer now directly owns 14,572 shares in the company, valued at $642,916.64. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mercury Systems Price Performance

Shares of MRCY stock opened at $43.06 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.62 and a quick ratio of 2.36. The stock has a 50 day simple moving average of $42.48 and a 200-day simple moving average of $39.13. Mercury Systems, Inc. has a 12-month low of $26.48 and a 12-month high of $52.25.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. Equities research analysts expect that Mercury Systems, Inc. will post -0.08 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MRCY shares. Robert W. Baird upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $37.00 to $58.00 in a research note on Wednesday, February 5th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $30.00 to $42.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price target on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research note on Thursday, January 16th. Finally, Truist Financial lifted their price objective on shares of Mercury Systems from $35.00 to $44.00 and gave the company a “hold” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.14.

Institutional Trading of Mercury Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC grew its position in Mercury Systems by 4.0% during the fourth quarter. Corient Private Wealth LLC now owns 6,858 shares of the technology company’s stock worth $288,000 after buying an additional 266 shares during the period. Ironwood Investment Management LLC boosted its stake in shares of Mercury Systems by 0.7% during 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 in the last quarter. Signaturefd LLC grew its holdings in shares of Mercury Systems by 144.0% in the 3rd quarter. Signaturefd LLC now owns 666 shares of the technology company’s stock worth $25,000 after acquiring an additional 393 shares during the period. Nisa Investment Advisors LLC increased its stake in Mercury Systems by 43.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 503 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its holdings in Mercury Systems by 8.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 6,867 shares of the technology company’s stock worth $288,000 after purchasing an additional 517 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Company Profile

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.