Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $50.34, for a total transaction of $176,190.00. Following the completion of the sale, the chief operating officer now directly owns 383,440 shares of the company’s stock, valued at approximately $19,302,369.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Mercury Systems Inc (NASDAQ MRCY) opened at $48.98 on Tuesday. Mercury Systems Inc has a 12-month low of $29.11 and a 12-month high of $54.49. The stock has a market cap of $2,360.00, a price-to-earnings ratio of 52.65, a PEG ratio of 3.84 and a beta of 0.22.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The company had revenue of $106.10 million during the quarter, compared to the consensus estimate of $105.18 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. The firm’s revenue was up 21.1% compared to the same quarter last year. equities analysts anticipate that Mercury Systems Inc will post 1.08 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Mercury Systems by 242,823.0% during the first quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock worth $259,540,000 after acquiring an additional 6,643,636 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Mercury Systems by 4.6% during the second quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after purchasing an additional 180,028 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Mercury Systems by 2.8% during the third quarter. Wells Fargo & Company MN now owns 2,292,917 shares of the technology company’s stock worth $118,956,000 after purchasing an additional 62,496 shares during the last quarter. State Street Corp boosted its holdings in Mercury Systems by 13.2% during the second quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock worth $70,906,000 after purchasing an additional 196,075 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Mercury Systems by 5.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock worth $54,453,000 after purchasing an additional 62,547 shares during the last quarter. 95.62% of the stock is owned by institutional investors.
Several equities research analysts have commented on MRCY shares. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 target price on shares of Mercury Systems in a research note on Wednesday, August 2nd. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a research note on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a research note on Tuesday, October 24th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $51.17.
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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