Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $48.00, for a total transaction of $168,000.00. Following the sale, the chief operating officer now directly owns 362,440 shares of the company’s stock, valued at approximately $17,397,120. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Mercury Systems Inc (NASDAQ MRCY) opened at $44.34 on Tuesday. Mercury Systems Inc has a 52-week low of $35.60 and a 52-week high of $55.00. The stock has a market cap of $2,170.92, a price-to-earnings ratio of 46.39, a P/E/G ratio of 3.61 and a beta of 0.33.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $117.90 million during the quarter, compared to analyst estimates of $114.89 million. Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. equities research analysts anticipate that Mercury Systems Inc will post 1.09 earnings per share for the current year.
Several analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating and set a $61.00 price objective on shares of Mercury Systems in a research report on Wednesday, January 24th. BidaskClub raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 28th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. Finally, Robert W. Baird reissued a “buy” rating and issued a $48.00 price target on shares of Mercury Systems in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.71.
A number of institutional investors and hedge funds have recently bought and sold shares of MRCY. Advisor Group Inc. boosted its holdings in Mercury Systems by 97.8% during the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,264 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in Mercury Systems during the 4th quarter worth $149,000. Ameritas Investment Partners Inc. boosted its holdings in Mercury Systems by 5.0% during 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. Shelton Capital Management purchased a new position in Mercury Systems during the 2nd quarter worth $200,000. Finally, Flinton Capital Management LLC boosted its holdings in Mercury Systems by 72.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock worth $205,000 after acquiring an additional 2,040 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.
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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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