Key Points
- Jana Partners Management, LP sold 100,899 shares of Mercury Systems on March 4 at $89.68 each for $9.05M and, together with additional sales on Feb. 9, Mar. 2 and Mar. 3, disposed of a total of 852,057 shares for roughly $73.81M, leaving it with 4,114,618 shares (a 2.39% reduction) valued at about $369M.
- Mercury Systems recently beat quarterly estimates (EPS $0.16 vs $0.07; revenue $232.9M vs $210.0M) but still has a negative net margin (-3.23%); the stock has a ~$5.35B market cap and an average analyst rating of Hold with a $86.89 consensus price target.
Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) Director Jana Partners Management, Lp sold 100,899 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $89.68, for a total transaction of $9,048,622.32. Following the sale, the director directly owned 4,114,618 shares in the company, valued at approximately $368,998,942.24. The trade was a 2.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Jana Partners Management, Lp also recently made the following trade(s):
- On Monday, March 2nd, Jana Partners Management, Lp sold 182,510 shares of Mercury Systems stock. The shares were sold at an average price of $94.05, for a total transaction of $17,165,065.50.
- On Tuesday, March 3rd, Jana Partners Management, Lp sold 168,648 shares of Mercury Systems stock. The stock was sold at an average price of $90.12, for a total transaction of $15,198,557.76.
- On Monday, February 9th, Jana Partners Management, Lp sold 400,000 shares of Mercury Systems stock. The shares were sold at an average price of $81.00, for a total transaction of $32,400,000.00.
Mercury Systems Stock Performance
Shares of MRCY stock opened at $89.18 on Thursday. The stock's 50-day moving average is $88.59 and its two-hundred day moving average is $78.52. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of -168.26, a PEG ratio of 8.66 and a beta of 0.77. Mercury Systems Inc has a 1 year low of $39.89 and a 1 year high of $103.84. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.96.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. The business had revenue of $232.87 million during the quarter, compared to the consensus estimate of $209.96 million. Mercury Systems had a positive return on equity of 1.28% and a negative net margin of 3.23%.The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS. Analysts predict that Mercury Systems Inc will post -0.08 earnings per share for the current year.
Institutional Investors Weigh In On Mercury Systems
A number of institutional investors have recently added to or reduced their stakes in MRCY. Salomon & Ludwin LLC acquired a new position in Mercury Systems during the 3rd quarter worth approximately $32,000. Osaic Holdings Inc. boosted its stake in shares of Mercury Systems by 53.2% in the second quarter. Osaic Holdings Inc. now owns 599 shares of the technology company's stock valued at $32,000 after buying an additional 208 shares in the last quarter. Leonteq Securities AG acquired a new position in Mercury Systems during the fourth quarter worth $35,000. Hollencrest Capital Management purchased a new position in Mercury Systems in the fourth quarter worth $37,000. Finally, Federated Hermes Inc. acquired a new stake in Mercury Systems in the second quarter valued at $43,000. Hedge funds and other institutional investors own 95.99% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on MRCY shares. Truist Financial raised their price objective 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 reissued an "outperform" rating and set a $105.00 price target on shares of Mercury Systems in a report on Wednesday, February 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Mercury Systems in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $100.00 price objective on shares of Mercury Systems in a research report on Wednesday, November 5th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $85.00 target price on shares of Mercury Systems in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $86.89.
View Our Latest Stock Analysis on Mercury Systems
About Mercury Systems
(
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.
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