Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction on Friday, December 15th. The shares were sold at an average price of $50.50, for a total value of $176,750.00. Following the completion of the sale, the chief operating officer now owns 372,940 shares in the company, valued at approximately $18,833,470. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mercury Systems Inc (NASDAQ:MRCY) traded down $0.20 during trading hours on Thursday, hitting $51.32. The stock had a trading volume of 153,400 shares, compared to its average volume of 271,231. The firm has a market cap of $2,480.00, a PE ratio of 59.67, a P/E/G ratio of 4.22 and a beta of 0.23. Mercury Systems Inc has a twelve month low of $29.43 and a twelve month high of $55.00.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. research analysts expect that Mercury Systems Inc will post 1.09 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of 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 purchasing an additional 556 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Mercury Systems by 40.9% in the 2nd quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock valued at $345,000 after purchasing an additional 2,381 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Mercury Systems by 5.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,320 shares of the technology company’s stock valued at $476,000 after purchasing an additional 610 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Mercury Systems by 2.4% in the 2nd quarter. Great West Life Assurance Co. Can now owns 67,815 shares of the technology company’s stock valued at $2,852,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Mercury Systems by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 196,718 shares of the technology company’s stock valued at $8,280,000 after purchasing an additional 1,927 shares during the last quarter. 96.28% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Robert W. Baird boosted their price objective on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and issued a $61.00 price objective on shares of Mercury Systems in a report on Tuesday. Finally, BidaskClub cut Mercury Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $53.33.
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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.
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