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MTS Systems (NASDAQ:MTSC) CFO Susan E. Knight sold 22,803 shares of MTS Systems stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $68.13, for a total value of $1,553,568.39. Following the completion of the transaction, the chief financial officer now directly owns 19,340 shares in the company, valued at approximately $1,317,634. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

MTSC has been the subject of a number of recent research reports. Analysts at Needham & Company LLC cut their price target on shares of MTS Systems from $80.00 to $78.00 in a research note on Wednesday, August 6th. Two analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $35.18.

MTS Systems (NASDAQ:MTSC) traded up 1.75% during mid-day trading on Friday, hitting $69.71. The stock had a trading volume of 84,802 shares. MTS Systems has a one year low of $56.87 and a one year high of $78.90. The stock has a 50-day moving average of $66.95 and a 200-day moving average of $68.08. The company has a market cap of $1.055 billion and a P/E ratio of 20.30.

MTS Systems (NASDAQ:MTSC) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.05. The company had revenue of $145.50 million for the quarter, compared to the consensus estimate of $148.63 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that MTS Systems will post $2.90 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, September 11th.

MTS Systems Corporation (NASDAQ:MTSC) is a global supplier of test systems and position sensors.

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