Stuart Kupinsky Sells 1,000 Shares of Mercury Systems (NASDAQ:MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) EVP Stuart Kupinsky sold 1,000 shares of Mercury Systems stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $95.23, for a total value of $95,230.00. Following the sale, the executive vice president directly owned 56,352 shares in the company, valued at $5,366,400.96. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through 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 Wednesday, August 19th, Stuart Kupinsky sold 1,308 shares of Mercury Systems stock. The stock was 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 shares were 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 shares were sold at an average price of $109.95, for a total transaction of $131,390.25.

Mercury Systems Stock Up 2.3%

NASDAQ:MRCY opened at $89.76 on Thursday. The firm’s 50 day simple moving average is $106.00 and its 200 day simple moving average is $94.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.96 and a quick ratio of 1.85. Mercury Systems Inc has a one year low of $65.04 and a one year high of $128.45. The company has a market cap of $5.40 billion, a PE ratio of -179.52 and a beta of 0.95.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 1.29% and a negative net margin of 3.02%.The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. On average, research analysts anticipate that Mercury Systems Inc will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on MRCY shares. Truist Financial lifted their target price on Mercury Systems from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Weiss Ratings raised Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Royal Bank Of Canada raised their price objective on Mercury Systems from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Robert W. Baird lifted their price objective on Mercury Systems from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, five 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 MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $110.10.

More Mercury Systems News

Here are the key news stories impacting Mercury Systems this week:

• Positive Sentiment: Mercury Systems reported quarterly revenue of $289.8 million, above the $266.1 million analyst consensus and up 6.1% year over year. The company’s aerospace and defense exposure, including secure computing and electronic-warfare systems, supports its longer-term growth outlook.
• Positive Sentiment: Piper Sandler recently reaffirmed an “overweight” rating and raised its price target to $131 from $126, indicating substantial upside potential from recent trading levels.
• Neutral Sentiment: Reported short interest was zero shares as of August 25, with a 0.0-day days-to-cover ratio. However, the filing also showed an invalid “NaN” percentage change, making the data an unreliable indicator of investor positioning.
• Neutral Sentiment: A law firm is soliciting Mercury Systems shareholders regarding alleged potential fiduciary-duty breaches. The announcement is not a confirmed regulatory finding or litigation outcome, but it introduces some headline risk. Shareholder solicitation
• Negative Sentiment: CEO William L. Ballhaus sold 173,209 shares in two transactions for approximately $15.7 million, reducing his direct holdings by roughly 20% and 27% in the respective filings. The scale and timing of the sales may be interpreted as a bearish signal, although insider transactions can also reflect diversification or personal financial planning. CEO SEC filings
• Negative Sentiment: EVPs Stuart Kupinsky and Steven Ratner also reported stock sales. Ratner has made several consecutive sales during the past week, adding to concerns about broad-based insider selling; Kupinsky’s transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value. Executive SEC filings
• Negative Sentiment: Quarterly earnings per share of $0.37 narrowly missed the $0.38 consensus and declined from $0.47 a year earlier. Mercury also posted a negative net margin, while analyst coverage remains mixed: the consensus rating is “Hold,” with an average target of $110.10.

Hedge Funds Weigh In On Mercury Systems

Several hedge funds and other institutional investors have recently bought and sold shares of MRCY. Osaic Holdings Inc. raised its position in shares of Mercury Systems by 53.2% in the 2nd quarter. Osaic Holdings Inc. now owns 599 shares of the technology company’s stock worth $32,000 after acquiring an additional 208 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Mercury Systems during the 4th quarter valued at about $35,000. Hollencrest Capital Management acquired a new stake in Mercury Systems during the fourth quarter worth approximately $37,000. Public Employees Retirement System of Ohio acquired a new stake in Mercury Systems during the second quarter worth approximately $43,000. Finally, Federated Hermes Inc. bought a new stake in Mercury Systems in the second quarter worth approximately $43,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

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.