MICROS Systems Lowered to “Hold” at Noble Financial (MCRS)
In other MICROS Systems news, EVP Kaweh Niroomand sold 55,500 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $55.00, for a total transaction of $3,052,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
MICROS Systems (NASDAQ:MCRS) traded up 3.36% during mid-day trading on Monday, hitting $67.98. 17,505,288 shares of the company’s stock traded hands. MICROS Systems has a 1-year low of $41.78 and a 1-year high of $70.24. The stock’s 50-day moving average is $54.39 and its 200-day moving average is $54.51. The company has a market cap of $5.086 billion and a P/E ratio of 30.45.
MICROS Systems (NASDAQ:MCRS) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $349.00 million for the quarter, compared to the consensus estimate of $331.04 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts predict that MICROS Systems will post $2.55 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at William Blair downgraded shares of MICROS Systems from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 18th. Separately, analysts at Janney Montgomery Scott downgraded shares of MICROS Systems from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 18th. They now have a $65.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Wedbush raised their price target on shares of MICROS Systems from $65.00 to $68.00 in a research note on Tuesday, June 17th. They now have an “outperform” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. MICROS Systems presently has an average rating of “Hold” and a consensus price target of $56.67.
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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