Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $50.41, for a total value of $126,025.00. Following the completion of the transaction, the chief financial officer now owns 218,260 shares in the company, valued at $11,002,486.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mercury Systems Inc (NASDAQ MRCY) traded up $1.17 on Friday, hitting $51.27. The stock had a trading volume of 107,883 shares, compared to its average volume of 318,654. The firm has a market capitalization of $2,522.06, a price-to-earnings ratio of 56.22 and a beta of 0.22.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. equities research analysts predict that Mercury Systems Inc will post 1.08 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/11/03/mercury-systems-inc-mrcy-cfo-sells-126025-00-in-stock.html.

Several brokerages have weighed in on MRCY. Zacks Investment Research upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $51.00 price target on shares of Mercury Systems in a report on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price target on shares of Mercury Systems in a report on Wednesday, August 2nd. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Finally, Robert W. Baird reissued a “buy” rating and issued a $48.00 price target on shares of Mercury Systems in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Mercury Systems currently has an average rating of “Buy” and an average price target of $51.17.

A number of hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. raised its holdings in Mercury Systems by 1.9% during the third quarter. Prudential Financial Inc. now owns 82,050 shares of the technology company’s stock worth $4,257,000 after purchasing an additional 1,520 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Mercury Systems during the third quarter worth $835,000. Raymond James Financial Services Advisors Inc. acquired a new position in Mercury Systems during the third quarter worth $647,000. LS Investment Advisors LLC raised its holdings in Mercury Systems by 24.9% during the third quarter. LS Investment Advisors LLC now owns 6,457 shares of the technology company’s stock worth $335,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new position in Mercury Systems during the second quarter worth $437,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

Receive News & Ratings for Mercury Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.