Insider Selling: Thomas Patz Sells 50,000 Shares of Micros Systems Stock (MCRS)
Micros Systems (NASDAQ:MCRS) EVP Thomas Patz unloaded 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $54.16, for a total transaction of $2,708,000.00. Following the completion of the sale, the executive vice president now directly owns 50,068 shares in the company, valued at approximately $2,711,683. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
MCRS has been the subject of a number of recent research reports. 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 stock. Micros Systems presently has a consensus rating of “Buy” and an average target price of $54.13.
Shares of Micros Systems (NASDAQ:MCRS) traded up 1.10% during mid-day trading on Thursday, hitting $54.494. The stock had a trading volume of 200,468 shares. Micros Systems has a one year low of $39.31 and a one year high of $53.21. The stock’s 50-day moving average is $50. and its 200-day moving average is $46.76. The company has a market cap of $4.235 billion and a P/E ratio of 26.37.
Micros Systems (NASDAQ:MCRS) last released its earnings data on Thursday, October 24th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the 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 last year, the company posted $0.57 earnings per share. Micros Systems’s revenue was up 5.0% compared to the same quarter last year. 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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