Mercury Systems Inc (MRCY) CFO Sells $126,025.00 in Stock
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.
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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.
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