Mercury Systems Inc (MRCY) COO Sells $176,190.00 in Stock
Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $50.34, for a total value of $176,190.00. Following the completion of the transaction, the chief operating officer now owns 383,440 shares in the company, valued at approximately $19,302,369.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Mercury Systems Inc (MRCY) traded up $1.17 during midday trading on Friday, hitting $51.27. The company had a trading volume of 107,883 shares, compared to its average volume of 318,654. The stock 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 announced its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The firm 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 business’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. sell-side analysts expect that Mercury Systems Inc will post 1.08 EPS for the current fiscal year.
A number of research firms have recently commented on MRCY. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a report on Wednesday, August 2nd. Robert W. Baird increased their price objective on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $51.17.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its position in shares of Mercury Systems by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock valued at $1,055,000 after purchasing an additional 100 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Mercury Systems by 8.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 29,020 shares of the technology company’s stock valued at $1,221,000 after purchasing an additional 2,230 shares during the period. Aperio Group LLC boosted its position in shares of Mercury Systems by 40.9% in the 2nd quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock valued at $345,000 after purchasing an additional 2,381 shares during the period. KBC Group NV acquired a new stake in shares of Mercury Systems in the 2nd quarter valued at about $1,397,000. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Mercury Systems by 21.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 194,791 shares of the technology company’s stock valued at $7,607,000 after purchasing an additional 34,105 shares during the period. 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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