Key Points
- Mercury Systems EVP Stuart Kupinsky sold 1,000 shares at an average price of $76, generating $76,000. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his direct holdings by 1.64% to 59,971 shares.
- Kupinsky has made several additional sales in recent months, including transactions at prices ranging from $86.52 to $111.36, indicating a pattern of insider selling.
- Mercury Systems reported quarterly revenue of $289.78 million, above estimates, but EPS of $0.37 missed expectations by $0.01. Analysts maintain a “Moderate Buy” consensus with an average price target of $108.55, while the stock recently traded near $79.71.
Mercury Systems Inc (NASDAQ:MRCY - Get Free Report) EVP Stuart Kupinsky sold 1,000 shares of the firm's stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $76.00, for a total transaction of $76,000.00. Following the completion of the transaction, the executive vice president directly owned 59,971 shares in the company, valued at $4,557,796. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Stuart Kupinsky also recently made the following trade(s):
- On Monday, September 21st, Stuart Kupinsky sold 1,000 shares of Mercury Systems stock. The stock was sold at an average price of $86.52, for a total transaction of $86,520.00.
- 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 transaction 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 transaction of $131,205.48.
- On Tuesday, August 18th, Stuart Kupinsky sold 1,178 shares of Mercury Systems stock. The shares were sold at an average price of $111.36, for a total transaction of $131,182.08.
- On Monday, August 17th, Stuart Kupinsky sold 1,195 shares of Mercury Systems stock. The shares were sold at an average price of $109.95, for a total transaction of $131,390.25.
Mercury Systems Price Performance
MRCY opened at $79.71 on Tuesday. The company has a fifty day moving average price of $84.55 and a two-hundred day moving average price of $92.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.96. Mercury Systems Inc has a 52 week low of $65.04 and a 52 week high of $128.45. The firm has a market capitalization of $4.85 billion, a PE ratio of 233.97 and a beta of 0.97.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last issued its earnings results on Tuesday, August 18th. The technology company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $289.78 million for the quarter, compared to the consensus estimate of $266.09 million. Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The business's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, analysts anticipate that Mercury Systems Inc will post 0.91 earnings per share for the current year.
Institutional Trading of Mercury Systems
Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Mercury Systems in the second quarter valued at approximately $1,146,342,000. Deutsche Bank AG acquired a new position in shares of Mercury Systems in the second quarter valued at approximately $17,454,000. Rice Hall James & Associates LLC bought a new stake in shares of Mercury Systems during the second quarter worth $4,866,000. Manatuck Hill Partners LLC bought a new stake in shares of Mercury Systems during the second quarter worth $2,251,000. Finally, American Capital Management Inc. bought a new stake in shares of Mercury Systems during the second quarter worth $59,460,000. 95.99% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Wall Street Zen downgraded Mercury Systems from a "buy" rating to a "hold" rating in a report on Saturday, July 18th. Jefferies Financial Group reissued a "hold" rating and issued a $115.00 target price on shares of Mercury Systems in a research note on Friday, July 10th. Oppenheimer started coverage on Mercury Systems in a report on Thursday, October 22nd. They set an "outperform" rating and a $90.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Mercury Systems from $99.00 to $101.00 and gave the stock a "neutral" rating in a research report on Monday, July 13th. Finally, Piper Sandler lowered their price target on Mercury Systems from $131.00 to $107.00 and set an "overweight" rating for the company in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Mercury Systems has an average rating of "Moderate Buy" and an average target price of $108.55.
Read Our Latest Analysis on Mercury Systems
Mercury Systems Company Profile
(
Get Free Report)
Mercury Systems, Inc is an aerospace and defense technology company that develops and manufactures mission-critical computing and electronic systems. Its products are designed for use in aircraft, unmanned systems, naval vessels, ground vehicles, radar platforms and other defense applications.
The company provides embedded computing solutions, including high-performance processors, ruggedized computers, secure servers, data-storage systems and software. Its portfolio also includes radio-frequency and microwave components, electronic warfare systems, signal processing technologies and systems used for radar, communications, avionics and intelligence, surveillance and reconnaissance missions.
Founded in 1981 and headquartered in Andover, Massachusetts, Mercury Systems primarily serves the U.S.
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