Mercury Systems CFO Kevin M. Bisson Sells 17,244 Shares (MRCY)
Mercury Systems (NASDAQ:MRCY) CFO Kevin M. Bisson sold 17,244 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $10.89, for a total value of $187,787.16. Following the transaction, the chief financial officer now directly owns 159,786 shares in the company, valued at approximately $1,740,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks upgraded shares of Mercury Systems from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 7th. They now have a $13.50 price target on the stock.
Shares of Mercury Systems (NASDAQ:MRCY) traded up 0.09% during mid-day trading on Monday, hitting $10.70. 108,441 shares of the company’s stock traded hands. Mercury Systems has a 52 week low of $8.42 and a 52 week high of $14.40. The stock has a 50-day moving average of $11.33 and a 200-day moving average of $11.91. The company’s market cap is $357.1 million.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 5th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.10. The company had revenue of $53.70 million for the quarter, compared to the consensus estimate of $55.62 million. During the same quarter last year, the company posted $0.01 earnings per share. Mercury Systems’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Mercury Systems will post $0.26 EPS for the current fiscal year.
Mercury Systems, Inc, formerly Mercury Computer Systems, Inc, designs, manufactures and markets real-time digital signal and images processing sub-systems and software for specialized defense and commercial markets.
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