Mercury Systems (NASDAQ:MRCY) Director Howard Lance Sells 9,250 Shares

Mercury Systems Inc (NASDAQ:MRCY) Director Howard Lance sold 9,250 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total transaction of $922,780.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Mercury Systems Price Performance

Shares of MRCY opened at $97.11 on Thursday. Mercury Systems Inc has a fifty-two week low of $47.53 and a fifty-two week high of $103.84. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of -404.63 and a beta of 0.83. The firm has a 50-day simple moving average of $83.52 and a 200-day simple moving average of $82.34. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.15 and a current ratio of 3.19.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.21. Mercury Systems had a negative net margin of 1.46% and a positive return on equity of 2.22%. The business had revenue of $235.76 million during the quarter, compared to the consensus estimate of $208.56 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, equities research analysts anticipate that Mercury Systems Inc will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Mercury Systems

A number of large investors have recently modified their holdings of the business. Signaturefd LLC raised its stake in shares of Mercury Systems by 15.4% during the 4th quarter. Signaturefd LLC now owns 804 shares of the technology company’s stock worth $59,000 after buying an additional 107 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of Mercury Systems by 1.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,714 shares of the technology company’s stock valued at $563,000 after acquiring an additional 134 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Mercury Systems by 2.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,175 shares of the technology company’s stock valued at $555,000 after acquiring an additional 142 shares during the period. AlphaQuest LLC lifted its position in shares of Mercury Systems by 41.9% during the 3rd quarter. AlphaQuest LLC now owns 569 shares of the technology company’s stock valued at $44,000 after acquiring an additional 168 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Mercury Systems by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 1,781 shares of the technology company’s stock valued at $130,000 after acquiring an additional 181 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Mercury Systems from $102.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a research note on Tuesday, April 21st. Jefferies Financial Group restated a “hold” rating and issued a $95.00 price objective on shares of Mercury Systems in a research report on Sunday, May 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 target price on shares of Mercury Systems in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group increased their target price on Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, three 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, the company has a consensus rating of “Moderate Buy” and an average target price of $89.89.

Mercury Systems Company Profile

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.