Mercury Systems Inc (MRCY) CFO Gerald M. Haines II Sells 2,500 Shares

Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $51.62, for a total transaction of $129,050.00. Following the completion of the transaction, the chief financial officer now directly owns 215,760 shares of the company’s stock, valued at $11,137,531.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mercury Systems Inc (NASDAQ MRCY) traded up $2.62 during mid-day trading on Friday, hitting $52.99. 598,946 shares of the company traded hands, compared to its average volume of 238,566. Mercury Systems Inc has a 52 week low of $29.31 and a 52 week high of $54.49. The company has a market cap of $2,429.92, a price-to-earnings ratio of 54.16, a P/E/G ratio of 4.18 and a beta of 0.23.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The company had revenue of $106.10 million for the quarter, compared to analyst estimates of $105.18 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 21.1% compared to the same quarter last year. analysts anticipate that Mercury Systems Inc will post 1.08 EPS for the current year.

Several research firms have issued reports on MRCY. Robert W. Baird increased their target price on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. SunTrust Banks restated a “buy” rating and set a $51.00 price objective on shares of Mercury Systems in a research report on Monday, October 2nd. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Thursday, October 26th. Finally, BidaskClub cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $51.17.

A number of institutional investors have recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in Mercury Systems by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings 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 worth $173,000 after acquiring an additional 195 shares during the last quarter. Wrapmanager Inc. grew its holdings in Mercury Systems by 3.5% in the 2nd quarter. Wrapmanager Inc. now owns 6,126 shares of the technology company’s stock worth $258,000 after acquiring an additional 205 shares during the last quarter. Amalgamated Bank grew its holdings in Mercury Systems by 5.4% in the 2nd quarter. Amalgamated Bank now owns 6,290 shares of the technology company’s stock worth $265,000 after acquiring an additional 321 shares during the last quarter. Finally, Texas Permanent School Fund grew its holdings in Mercury Systems by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 35,040 shares of the technology company’s stock worth $1,475,000 after acquiring an additional 328 shares during the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

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Mercury Systems Company Profile

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.

Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

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