Key Points
- Insider sale: EVP Stuart Kupinsky sold 2,287 shares on Feb. 17 at an average price of $83.56 for $191,101.72, trimming his stake by 3.25% to 68,010 shares, according to an SEC Form 4 filing.
- Mixed signal from results and market reaction: Mercury beat estimates with Q2 EPS of $0.16 (vs. $0.07 expected) and revenue of $232.87M (vs. $209.96M), yet shares fell about 2.1% to $87.99 and analysts' coverage is mixed with an average target of $86.89.
- Valuation and ownership backdrop: The company has a $5.28B market cap, a negative P/E (-167.35) and roughly 95.99% institutional ownership, indicating strong institutional positioning despite stretched valuation metrics.
Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) CAO Douglas Munro sold 582 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $83.56, for a total transaction of $48,631.92. Following the sale, the chief accounting officer owned 14,328 shares of the company's stock, valued at $1,197,247.68. This trade represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Mercury Systems Stock Performance
MRCY traded down $1.68 during trading on Friday, reaching $88.18. The company's stock had a trading volume of 66,123 shares, compared to its average volume of 733,057. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96. The company's fifty day moving average price is $85.64 and its 200-day moving average price is $76.52. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of -166.47, a price-to-earnings-growth ratio of 7.18 and a beta of 0.75. Mercury Systems Inc has a 52-week low of $39.89 and a 52-week high of $103.84.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.09. Mercury Systems had a negative net margin of 3.23% and a positive return on equity of 1.28%. The business had revenue of $232.87 million during the quarter, compared to the consensus estimate of $209.96 million. During the same quarter last year, the firm posted $0.07 EPS. The business's revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on MRCY. The Goldman Sachs Group increased their target price on Mercury Systems from $49.00 to $55.00 and gave the stock a "sell" rating in a research report on Tuesday, January 20th. Canaccord Genuity Group set a $102.00 price target on Mercury Systems in a research note on Wednesday, February 4th. Truist Financial increased their price target on shares of Mercury Systems from $102.00 to $109.00 and gave the stock a "buy" rating in a research report on Wednesday, February 4th. Royal Bank Of Canada restated an "outperform" rating and issued a $105.00 price target on shares of Mercury Systems in a research report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Mercury Systems in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Mercury Systems has a consensus rating of "Hold" and an average price target of $86.89.
Check Out Our Latest Stock Report on Mercury Systems
Institutional Investors Weigh In On Mercury Systems
A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in shares of Mercury Systems during the 1st quarter valued at $755,000. Goldman Sachs Group Inc. boosted its position in shares of Mercury Systems by 51.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company's stock valued at $36,861,000 after acquiring an additional 290,989 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Mercury Systems by 13.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,617 shares of the technology company's stock valued at $6,878,000 after acquiring an additional 18,916 shares during the period. Jane Street Group LLC increased its holdings in Mercury Systems by 161.3% during the 1st quarter. Jane Street Group LLC now owns 50,769 shares of the technology company's stock valued at $2,188,000 after purchasing an additional 31,337 shares in the last quarter. Finally, TD Asset Management Inc acquired a new stake in Mercury Systems in the 2nd quarter valued at about $631,000. Institutional investors and hedge funds own 95.99% of the company's stock.
Mercury Systems Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
