Insider Selling: Athanasios L. Giannopoulos Unloads 50,000 Shares of Micros Systems Stock (MCRS)
Micros Systems (NASDAQ:MCRS) Chairman Athanasios L. Giannopoulos unloaded 50,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $54.83, for a total value of $2,741,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Micros Systems (NASDAQ:MCRS) traded up 0.02% during mid-day trading on Wednesday, hitting $54.60. 224,958 shares of the company’s stock traded hands. Micros Systems has a 52-week low of $40.25 and a 52-week high of $59.46. The stock’s 50-day moving average is $56.26 and its 200-day moving average is $53.23. The company has a market cap of $4.109 billion and a P/E ratio of 26.47.
Micros Systems (NASDAQ:MCRS) last announced its earnings results on Friday, January 31st. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $345.60 million for the quarter, compared to the consensus estimate of $329.89 million. On average, analysts predict that Micros Systems will post $2.49 earnings per share for the current fiscal year.
A number of research firms have recently commented on MCRS. Analysts at Zacks reiterated a “neutral” rating on shares of Micros Systems in a research note on Tuesday, February 4th. They now have a $58.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Micros Systems from $58.00 to $65.00 in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $56.38.
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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