Mercury Systems Inc. (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $48.04, for a total value of $168,140.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
NASDAQ:MRCY opened at $47.56 on Friday. The stock has a market capitalization of $2,294.44, a P/E ratio of 50.06, a price-to-earnings-growth ratio of 3.82 and a beta of 0.36. Mercury Systems Inc. has a twelve month low of $36.09 and a twelve month high of $55.00.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 earnings per share 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 quarterly revenue was up 20.3% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. equities analysts predict that Mercury Systems Inc. will post 1.09 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Bank of America decreased their price target on Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. Citigroup restated a “buy” rating and issued a $61.00 price target on shares of Mercury Systems in a research report on Wednesday, January 24th. Zacks Investment Research cut Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 20th. Finally, BidaskClub cut Mercury Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $55.83.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. boosted its stake in Mercury Systems by 97.8% in the third 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 in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Mercury Systems in the fourth quarter valued at about $149,000. Teacher Retirement System of Texas acquired a new stake in Mercury Systems in the third quarter valued at about $206,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Mercury Systems in the third quarter valued at about $215,000. Finally, Fox Run Management L.L.C. acquired a new stake in Mercury Systems in the fourth quarter valued at about $229,000. 93.52% of the stock is currently owned by institutional investors and hedge funds.
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About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.
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