Mercury Systems Inc. (MRCY) Director Vincent Vitto Sells 8,000 Shares
Mercury Systems Inc. (NASDAQ:MRCY) Director Vincent Vitto sold 8,000 shares of the stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $24.27, for a total transaction of $194,160.00. Following the sale, the director now owns 61,893 shares in the company, valued at $1,502,143.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Mercury Systems Inc. (NASDAQ:MRCY) opened at 23.70 on Wednesday. The firm has a 50 day moving average of $23.39 and a 200-day moving average of $22.78. The stock has a market capitalization of $956.53 million, a P/E ratio of 42.32 and a beta of 0.86. Mercury Systems Inc. has a 12 month low of $15.67 and a 12 month high of $26.37.
Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.15. Mercury Systems had a net margin of 7.31% and a return on equity of 6.47%. The firm earned $85.40 million during the quarter, compared to the consensus estimate of $69.51 million. During the same period in the previous year, the firm earned $0.18 earnings per share. Mercury Systems’s revenue was up 7.3% compared to the same quarter last year. Analysts forecast that Mercury Systems Inc. will post $0.73 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the stock. PineBridge Investments L.P. increased its stake in Mercury Systems by 30.9% in the second quarter. PineBridge Investments L.P. now owns 5,077 shares of the company’s stock worth $126,000 after buying an additional 1,197 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Mercury Systems by 29.7% in the second quarter. Teacher Retirement System of Texas now owns 5,533 shares of the company’s stock worth $138,000 after buying an additional 1,268 shares during the last quarter. Sei Investments Co. increased its stake in Mercury Systems by 36.6% in the second quarter. Sei Investments Co. now owns 5,966 shares of the company’s stock worth $148,000 after buying an additional 1,599 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Mercury Systems during the second quarter worth about $179,000. Finally, US Bancorp DE increased its stake in Mercury Systems by 229.4% in the second quarter. US Bancorp DE now owns 7,520 shares of the company’s stock worth $186,000 after buying an additional 5,237 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.
A number of research firms have issued reports on MRCY. Zacks Investment Research lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Group reiterated a “hold” rating and set a $27.00 target price (up from $22.00) on shares of Mercury Systems in a report on Thursday, August 4th. Robert W. Baird began coverage on shares of Mercury Systems in a report on Wednesday, October 5th. They set an “outperform” rating and a $30.00 target price on the stock. Drexel Hamilton began coverage on shares of Mercury Systems in a report on Thursday, August 25th. They set a “buy” rating on the stock. Finally, Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Wednesday, August 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Mercury Systems has an average rating of “Buy” and an average price target of $27.50.
Mercury Systems Company Profile
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