Insider Selling: Micros Systems CFO Unloads 69,788 Shares of Stock (MCRS)
Micros Systems (NASDAQ:MCRS) CFO Cynthia Russo unloaded 69,788 shares of the company’s stock on the open market in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $54.08, for a total value of $3,774,135.04. Following the completion of the transaction, the chief financial officer now directly owns 10,768 shares of the company’s stock, valued at approximately $582,333. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MCRS shares. Analysts at Wedbush raised their price target on shares of Micros Systems from $57.00 to $58.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of Micros Systems from $58.00 to $60.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Micros Systems in a research note to investors on Thursday, August 29th. They now have a $52.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $54.13.
Micros Systems (NASDAQ:MCRS) traded up 1.17% on Thursday, hitting $54.53. 204,768 shares of the company’s stock traded hands. Micros Systems has a 52 week low of $39.31 and a 52 week high of $53.21. The stock has a 50-day moving average of $50. and a 200-day moving average of $46.76. The company has a market cap of $4.238 billion and a P/E ratio of 26.37.
Micros Systems (NASDAQ:MCRS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.50 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.50. The company had revenue of $314.70 million for the quarter, compared to the consensus estimate of $310.26 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Micros Systems will post $2.46 earnings per share for the current fiscal year.
MICROS Systems, Inc (NASDAQ:MCRS) is a global designer, manufacturer, marketer, and servicer of enterprise information solutions for the global hospitality and retail industries.
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