Key Points
- Mercury Systems EVP Stuart Kupinsky sold 1,000 shares at an average price of $86.52, worth $86,520, under a pre-arranged Rule 10b5-1 plan. His remaining stake totaled 60,971 shares.
- Kupinsky has also sold shares in several transactions since mid-August, including 1,000 shares at $95.23 and more than 3,600 shares across trades priced between $100.31 and $111.36.
- Mercury Systems shares were trading near $82.72, while analysts maintained a Moderate Buy consensus with an average price target of $110.55. The company recently narrowly missed quarterly EPS estimates but exceeded revenue expectations.
Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Stuart Kupinsky sold 1,000 shares of Mercury Systems stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $86.52, for a total value of $86,520.00. Following the transaction, the executive vice president owned 60,971 shares in the company, valued at approximately $5,275,210.92. The trade was a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stuart Kupinsky also recently made the following trade(s):
- On Friday, August 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The stock was sold at an average price of $95.23, for a total value of $95,230.00.
- On Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The shares were sold at an average price of $100.31, for a total value of $131,205.48.
- On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The stock was sold at an average price of $111.36, for a total value of $131,182.08.
- On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The stock was sold at an average price of $109.95, for a total value of $131,390.25.
Mercury Systems Trading Down 1.4%
Shares of MRCY stock opened at $82.72 on Thursday. The company's 50-day moving average price is $94.64 and its 200-day moving average price is $94.69. The company has a current ratio of 2.96, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of -165.44 and a beta of 0.98. Mercury Systems Inc has a twelve month low of $65.04 and a twelve month high of $128.45.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings data on Tuesday, August 18th. The technology company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a positive return on equity of 1.29% and a negative net margin of 3.02%.The firm had revenue of $289.78 million for the quarter, compared to analyst estimates of $266.09 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. Mercury Systems's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Mercury Systems Inc will post 0.91 earnings per share for the current year.
Hedge Funds Weigh In On Mercury Systems
Several large investors have recently made changes to their positions in the stock. Leonteq Securities AG purchased a new position in shares of Mercury Systems during the 4th quarter worth approximately $35,000. Public Employees Retirement System of Ohio purchased a new stake in Mercury Systems in the second quarter valued at approximately $43,000. Rockefeller Capital Management L.P. raised its position in Mercury Systems by 53.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 653 shares of the technology company's stock valued at $48,000 after purchasing an additional 228 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Mercury Systems during the second quarter worth $52,000. Finally, IFP Advisors Inc lifted its stake in Mercury Systems by 250.8% during the second quarter. IFP Advisors Inc now owns 463 shares of the technology company's stock worth $57,000 after purchasing an additional 331 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently commented on MRCY. Piper Sandler reiterated an "overweight" rating and issued a $131.00 price objective (up from $126.00) on shares of Mercury Systems in a report on Wednesday, August 19th. Guggenheim began coverage on Mercury Systems in a research note on Monday, September 14th. They set a "buy" rating and a $115.00 target price for the company. Truist Financial lifted their target price on Mercury Systems from $109.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $115.00 price target on shares of Mercury Systems in a research note on Friday, July 10th. Finally, Zacks Research cut Mercury Systems from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $110.55.
View Our Latest Report on MRCY
About Mercury Systems
(
Get Free Report)
Mercury Systems, Inc is a technology company that develops and manufactures secure, high-performance computing and sensor-processing solutions for the aerospace and defense industries. Its products are designed for use in mission-critical applications where ruggedness, rapid data processing, cybersecurity and long operational life are essential.
The company's offerings include embedded computing systems, digital signal processing technologies, radio-frequency and microwave components, avionics systems, sensor-processing solutions, electronic warfare technology and secure communications products.
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