Key Points
- Mercury Systems EVP Steven Ratner sold 2,000 shares on May 11 at an average price of $92.46, totaling about $184,920. After the sale, he still held 32,238 shares, a 5.84% reduction in his stake.
- The company posted stronger-than-expected quarterly results, reporting EPS of $0.27 versus the $0.06 consensus estimate and revenue of $235.76 million, up 11.5% year over year.
- Analyst sentiment is mixed but leans cautiously positive, with a consensus rating of “Moderate Buy” and an average price target of $89.89, even as some firms maintain sell ratings while others rate the stock buy or strong buy.
Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Steven Ratner sold 2,000 shares of the business's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $92.46, for a total value of $184,920.00. Following the completion of the transaction, the executive vice president owned 32,238 shares of the company's stock, valued at $2,980,725.48. This represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.
Mercury Systems Price Performance
Shares of MRCY opened at $92.32 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19. The stock has a 50 day simple moving average of $81.39 and a 200 day simple moving average of $80.94. Mercury Systems Inc has a 52-week low of $44.01 and a 52-week high of $103.84. The firm has a market capitalization of $5.54 billion, a PE ratio of -384.67, a P/E/G ratio of 8.91 and a beta of 0.83.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.21. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.The business had revenue of $235.76 million during the quarter, compared to analyst estimates of $208.56 million. During the same period in the previous year, the firm earned $0.06 EPS. Mercury Systems's quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts predict that Mercury Systems Inc will post 0.18 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in Mercury Systems by 53.2% during the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company's stock worth $32,000 after buying an additional 208 shares during the period. Leonteq Securities AG acquired a new stake in Mercury Systems in the fourth quarter valued at about $35,000. Hollencrest Capital Management acquired a new stake in shares of Mercury Systems during the fourth quarter valued at about $37,000. Federated Hermes Inc. acquired a new stake in shares of Mercury Systems during the second quarter valued at about $43,000. Finally, AlphaQuest LLC raised its position in shares of Mercury Systems by 41.9% during the third quarter. AlphaQuest LLC now owns 569 shares of the technology company's stock worth $44,000 after acquiring an additional 168 shares during the last quarter. Institutional investors own 95.99% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MRCY shares. The Goldman Sachs Group upped their price target on Mercury Systems from $60.00 to $68.00 and gave the stock a "sell" rating in a research report on Monday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Mercury Systems in a research report on Tuesday, April 21st. Canaccord Genuity Group upped their price target on Mercury Systems from $102.00 to $106.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Truist Financial raised Mercury Systems to a "strong-buy" rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $95.00 price objective on shares of Mercury Systems in a report on Sunday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $89.89.
View Our Latest Analysis on Mercury Systems
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.
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