Mercury Systems Inc (MRCY) COO Sells $168,000.00 in Stock

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.

WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/13/mercury-systems-inc-mrcy-coo-didier-m-c-thibaud-sells-3500-shares.html.

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)

Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply