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

Mercury Systems Inc (NASDAQ:MRCY) Director Howard Lance sold 9,250 shares of Mercury Systems stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $99.76, for a total value of $922,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mercury Systems Stock Up 11.3%

Shares of NASDAQ MRCY opened at $108.11 on Friday. Mercury Systems Inc has a 52 week low of $47.53 and a 52 week high of $108.40. The business has a 50-day simple moving average of $84.06 and a two-hundred day simple moving average of $82.58. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.49 billion, a P/E ratio of -450.46 and a beta of 0.83.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, topping 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 the consensus estimate of $208.56 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. Research analysts anticipate that Mercury Systems Inc will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MRCY has been the subject of several analyst reports. Canaccord Genuity Group raised their target price on 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 report on Tuesday, April 21st. Jefferies Financial Group reiterated a “hold” rating and set a $95.00 price target on shares of Mercury Systems in a research report on Sunday, May 10th. The Goldman Sachs Group lifted their price target on Mercury Systems from $60.00 to $68.00 and gave the company a “sell” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $105.00 price target on shares of Mercury Systems in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Mercury Systems presently has an average rating of “Moderate Buy” and a consensus price target of $89.89.

Institutional Trading of Mercury Systems

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Mercury Systems by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,731,033 shares of the technology company’s stock worth $443,582,000 after buying an additional 221,093 shares during the last quarter. State Street Corp lifted its position in Mercury Systems by 12.1% in the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after buying an additional 368,242 shares during the last quarter. Invesco Ltd. lifted its position in Mercury Systems by 25.1% in the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock worth $139,503,000 after buying an additional 383,299 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Mercury Systems by 1.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock worth $112,644,000 after buying an additional 21,182 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Mercury Systems by 96.3% in the 3rd quarter. First Trust Advisors LP now owns 1,532,822 shares of the technology company’s stock worth $118,640,000 after buying an additional 751,813 shares during the last quarter. Institutional investors own 95.99% of the company’s stock.

About Mercury Systems

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.