Mercury Systems, Inc. (NASDAQ:MRCY) EVP Sells $120,026.80 in Stock

Mercury Systems, Inc. (NASDAQ:MRCYGet Rating) EVP Thomas Huber sold 2,584 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $46.45, for a total value of $120,026.80. Following the completion of the transaction, the executive vice president now directly owns 67,455 shares of the company’s stock, valued at $3,133,284.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mercury Systems Stock Down 1.5 %

NASDAQ MRCY opened at $46.50 on Friday. The business has a fifty day moving average price of $53.04 and a 200 day moving average price of $58.49. Mercury Systems, Inc. has a one year low of $44.04 and a one year high of $72.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.81 and a current ratio of 4.20. The company has a market cap of $2.69 billion, a P/E ratio of 244.75, a P/E/G ratio of 22.66 and a beta of 0.85.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank of Canada reduced their target price on Mercury Systems from $72.00 to $66.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. Robert W. Baird reduced their target price on Mercury Systems from $72.00 to $58.00 in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MRCY. GHP Investment Advisors Inc. acquired a new position in Mercury Systems in the 1st quarter valued at $45,000. Eagle Bay Advisors LLC raised its stake in Mercury Systems by 277.9% in the 2nd quarter. Eagle Bay Advisors LLC now owns 1,024 shares of the technology company’s stock valued at $66,000 after purchasing an additional 753 shares during the last quarter. Captrust Financial Advisors raised its stake in Mercury Systems by 60.7% in the 1st quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock valued at $101,000 after purchasing an additional 594 shares during the last quarter. Hardy Reed LLC acquired a new position in Mercury Systems in the 1st quarter valued at $158,000. Finally, ARK Investment Management LLC acquired a new position in Mercury Systems in the 1st quarter valued at $180,000. 97.95% of the stock is owned by institutional investors and hedge funds.

Mercury Systems Company Profile

(Get Rating)

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.

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