Mercury Systems Inc. (NASDAQ:MRCY) insider Mark Aslett sold 9,600 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $48.35, for a total transaction of $464,160.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Mark Aslett also recently made the following trade(s):
- On Wednesday, February 28th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $47.14, for a total value of $452,544.00.
- On Thursday, February 15th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $44.44, for a total value of $426,624.00.
- On Wednesday, January 31st, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $48.10, for a total value of $461,760.00.
Shares of NASDAQ MRCY opened at $47.56 on Monday. The firm has a market cap of $2,294.44, a price-to-earnings ratio of 50.06, a P/E/G ratio of 3.82 and a beta of 0.36. Mercury Systems Inc. has a 52-week low of $36.09 and a 52-week high of $55.00.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.89 million. Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. equities research analysts anticipate that Mercury Systems Inc. will post 1.09 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of MRCY. Brown Advisory Inc. bought a new position in shares of Mercury Systems during the fourth quarter valued at $14,514,000. Westfield Capital Management Co. LP bought a new position in shares of Mercury Systems in the third quarter valued at about $14,576,000. Franklin Resources Inc. raised its holdings in shares of Mercury Systems by 21.5% in the fourth quarter. Franklin Resources Inc. now owns 1,457,768 shares of the technology company’s stock valued at $74,857,000 after buying an additional 257,918 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Mercury Systems by 3.0% in the fourth quarter. BlackRock Inc. now owns 7,240,899 shares of the technology company’s stock valued at $371,819,000 after buying an additional 213,219 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in shares of Mercury Systems in the fourth quarter valued at about $7,980,000. 93.52% of the stock is owned by institutional investors.
Several brokerages recently commented on MRCY. Bank of America reduced their target price on Mercury Systems from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. Citigroup reaffirmed a “buy” rating and issued a $61.00 target price 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $55.83.
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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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