Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $51.62, for a total transaction of $129,050.00. Following the sale, the chief financial officer now directly owns 215,760 shares in the company, valued at $11,137,531.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Mercury Systems Inc (MRCY) traded up $0.73 during trading hours on Thursday, hitting $51.70. 219,800 shares of the company were exchanged, compared to its average volume of 409,827. Mercury Systems Inc has a fifty-two week low of $29.31 and a fifty-two week high of $54.49. The firm has a market capitalization of $2,458.87, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 4.23 and a beta of 0.23.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The business had revenue of $106.10 million for the quarter, compared to analyst estimates of $105.18 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. equities research analysts expect that Mercury Systems Inc will post 1.08 EPS for the current year.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in Mercury Systems by 29.2% in the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock valued at $104,000 after buying an additional 556 shares during the last quarter. Advisor Group Inc. increased its stake in Mercury Systems by 97.8% in the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after buying an additional 1,264 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Mercury Systems in the 3rd quarter valued at $206,000. Ameritas Investment Partners Inc. increased its stake in Mercury Systems by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after buying an additional 195 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Mercury Systems in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 96.38% of the company’s stock.
A number of brokerages have issued reports on MRCY. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Robert W. Baird raised their price objective on shares of Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Mercury Systems in a research note on Friday, October 20th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $51.17.
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About Mercury Systems
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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