Mercury Systems, Inc. (NASDAQ:MRCY – Get Rating) EVP Thomas Huber sold 2,584 shares of Mercury Systems stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $46.45, for a total transaction of $120,026.80. Following the transaction, the executive vice president now directly owns 67,455 shares of the company's stock, valued at $3,133,284.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mercury Systems Stock Down 1.5 %
NASDAQ:MRCY opened at $46.50 on Friday. Mercury Systems, Inc. has a twelve month low of $44.04 and a twelve month high of $72.28. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 244.75, a price-to-earnings-growth ratio of 22.66 and a beta of 0.85. The stock has a fifty day simple moving average of $53.04 and a 200-day simple moving average of $58.49. The company has a current ratio of 4.20, a quick ratio of 2.81 and a debt-to-equity ratio of 0.29.
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Wall Street Analyst Weigh In
Several research analysts have commented on MRCY shares. Robert W. Baird dropped their price objective on shares of Mercury Systems from $72.00 to $58.00 in a research note on Wednesday, August 3rd. Royal Bank of Canada decreased their target price on Mercury Systems from $72.00 to $66.00 and set an "outperform" rating for the company in a research report on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $64.00.
Institutional Trading of Mercury Systems
Institutional investors and hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. bought a new stake in shares of Mercury Systems in the first quarter valued at about $45,000. Eagle Bay Advisors LLC raised its holdings in shares of Mercury Systems by 277.9% in the second quarter. Eagle Bay Advisors LLC now owns 1,024 shares of the technology company's stock valued at $66,000 after acquiring an additional 753 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Mercury Systems by 60.7% in the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company's stock valued at $101,000 after acquiring an additional 594 shares in the last quarter. Hardy Reed LLC bought a new stake in shares of Mercury Systems in the first quarter valued at about $158,000. Finally, ARK Investment Management LLC bought a new stake in shares of Mercury Systems in the first quarter valued at about $180,000. 97.95% of the stock is currently owned by institutional investors.
About Mercury Systems
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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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