Key Points
- CAO Douglas Munro sold 1,329 shares on Nov. 12 at an average price of $73.42 for $97,575.18, cutting his stake by 8.30% to 14,678 shares (≈$1.08M).
- Shares traded around $71.57 (up 0.4%) with a 50‑day moving average of $76.27, a 1‑year range of $37.28–$85.33, a market cap of about $4.3B and a negative PE of -108.43.
- Analyst sentiment is mixed but tilted positive: Truist raised its target to $100 and UBS set $88, while MarketBeat shows a consensus "Moderate Buy" and an average price target of $81.00.
Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) CAO Douglas Munro sold 1,329 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total value of $97,575.18. Following the transaction, the chief accounting officer owned 14,678 shares of the company's stock, valued at approximately $1,077,658.76. This trade represents a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Douglas Munro also recently made the following trade(s):
- On Tuesday, September 16th, Douglas Munro sold 67 shares of Mercury Systems stock. The stock was sold at an average price of $73.40, for a total transaction of $4,917.80.
- On Monday, August 18th, Douglas Munro sold 363 shares of Mercury Systems stock. The shares were sold at an average price of $66.52, for a total transaction of $24,146.76.
- On Tuesday, August 19th, Douglas Munro sold 376 shares of Mercury Systems stock. The shares were sold at an average price of $64.46, for a total transaction of $24,236.96.
Mercury Systems Stock Up 0.4%
Shares of MRCY traded up $0.31 during mid-day trading on Friday, hitting $71.57. 206,197 shares of the company traded hands, compared to its average volume of 621,702. The business has a 50 day moving average of $76.27 and a 200 day moving average of $61.62. The company has a quick ratio of 2.41, a current ratio of 3.52 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $4.30 billion, a PE ratio of -108.43, a price-to-earnings-growth ratio of 3.17 and a beta of 0.79. Mercury Systems Inc has a 1-year low of $37.28 and a 1-year high of $85.33.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, June 7th. The technology company reported $0.64 EPS for the quarter. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%.The company had revenue of $256.86 million for the quarter. Equities research analysts anticipate that Mercury Systems Inc will post -0.08 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have commented on MRCY shares. Truist Financial upped their target price on shares of Mercury Systems from $71.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. increased their price target on shares of Mercury Systems from $56.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, August 12th. Zacks Research lowered shares of Mercury Systems from a "strong-buy" rating to a "hold" rating in a report on Friday, September 19th. Weiss Ratings reissued a "sell (d-)" rating on shares of Mercury Systems in a research note on Wednesday, October 8th. Finally, UBS Group set a $88.00 price target on shares of Mercury Systems in a research note on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Mercury Systems currently has an average rating of "Moderate Buy" and a consensus price target of $81.00.
Get Our Latest Report on Mercury Systems
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new position in shares of Mercury Systems in the third quarter worth about $32,000. Osaic Holdings Inc. raised its stake in Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company's stock valued at $32,000 after purchasing an additional 208 shares during the last quarter. Quaker Wealth Management LLC grew its position in shares of Mercury Systems by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 644 shares of the technology company's stock valued at $35,000 after purchasing an additional 1,288 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Mercury Systems in the 2nd quarter valued at approximately $43,000. Finally, AlphaQuest LLC lifted its position in Mercury Systems by 41.9% in the third quarter. AlphaQuest LLC now owns 569 shares of the technology company's stock valued at $44,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company's stock.
About Mercury Systems
(
Get Free Report)
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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