Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $48.01, for a total value of $168,035.00. Following the completion of the sale, the chief operating officer now owns 348,440 shares in the company, valued at $16,728,604.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NASDAQ:MRCY traded down $0.38 during trading hours on Monday, hitting $47.94. The company’s stock had a trading volume of 247,439 shares, compared to its average volume of 384,762. The firm has a market capitalization of $2,331.08, a PE ratio of 49.81, a price-to-earnings-growth ratio of 3.88 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 posted its earnings results on Tuesday, January 23rd. The technology company reported $0.28 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 analysts’ expectations 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 company earned $0.30 EPS. equities research analysts anticipate that Mercury Systems Inc will post 1.09 EPS for the current fiscal year.
Several analysts have recently issued reports on MRCY shares. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research note on Wednesday, December 27th. Bank of America dropped their target price on Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. SunTrust Banks reissued a “buy” rating and issued a $61.00 target price on shares of Mercury Systems in a report on Tuesday, January 9th. BidaskClub lowered Mercury Systems from a “sell” rating to a “strong sell” rating in a report on Friday, January 19th. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Mercury Systems currently has an average rating of “Hold” and an average price target of $55.83.
A number of large investors have recently bought and sold shares of MRCY. Brown Advisory Inc. purchased a new position in Mercury Systems in the fourth quarter valued at $14,514,000. Westfield Capital Management Co. LP purchased a new position in shares of Mercury Systems during the third quarter worth about $14,576,000. Franklin Resources Inc. grew its holdings in shares of Mercury Systems by 21.5% during the fourth quarter. Franklin Resources Inc. now owns 1,457,768 shares of the technology company’s stock worth $74,857,000 after purchasing an additional 257,918 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Mercury Systems by 3.0% during the fourth quarter. BlackRock Inc. now owns 7,240,899 shares of the technology company’s stock worth $371,819,000 after purchasing an additional 213,219 shares during the last quarter. Finally, Kennedy Capital Management Inc. purchased a new position in shares of Mercury Systems during the fourth quarter worth about $7,980,000. 93.52% of the stock is currently owned by hedge funds and other institutional investors.
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About Mercury Systems
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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