Jana Partners sells $52m in Mercury Systems (MRCY) stock

Published 16/08/2025, 02:36
Jana Partners sells $52m in Mercury Systems (MRCY) stock

Jana Partners Management, LP, sold 797,000 shares of Mercury Systems Inc (NASDAQ:MRCY) common stock on August 13, 2025, at a price of $65.42, in a transaction totaling $52,139,740. The sale comes amid Mercury Systems’ strong market performance, with the stock showing a remarkable 26% gain in the past week and trading near its 52-week high of $69.95.

Following the transaction, JANA Partners Management, LP, continues to indirectly own 5,964,313 shares of Mercury Systems Inc. The transactions were executed to rebalance the holdings of funds and accounts managed by JANA Partners Management, LP. According to InvestingPro analysis, Mercury Systems appears overvalued at current levels, with technical indicators suggesting overbought conditions. Subscribers can access 15+ additional exclusive ProTips and comprehensive valuation metrics for MRCY.

JANA Partners Management, LP, may be considered a director through deputization, as Scott Ostfeld, a Managing Partner and Portfolio Manager, serves on the board of directors of Mercury Systems Inc. The company, currently valued at $3.98 billion, maintains strong liquidity with a current ratio of 3.52, and while not profitable in the last twelve months, analysts expect a return to profitability this year.

In other recent news, Mercury Systems reported its fourth-quarter fiscal 2025 earnings, which exceeded expectations. The company achieved earnings per share of $0.47, surpassing the forecast of $0.22, and reported revenue of $273 million, beating the anticipated $243.61 million. Truist Securities responded to these strong results by raising its price target for Mercury Systems to $71 from $60, maintaining a Buy rating due to the company’s record bookings and a significant revenue pull-forward of $30 million. Meanwhile, Jefferies also adjusted its price target upward to $75 from $50, although it maintained a Hold rating, noting management’s conservative fiscal year 2026 guidance. On the other hand, Goldman Sachs reiterated its Sell rating and maintained a price target of $39, despite Mercury’s adjusted EBITDA beating consensus expectations and showing sequential margin improvement. These developments highlight varying analyst perspectives on Mercury Systems’ future performance following its robust quarterly results.

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