Mercury Systems Inc (NASDAQ:MRCY) Director Vincent Vitto sold 8,500 shares of Mercury Systems stock in a transaction on Monday, December 4th. The stock was sold at an average price of $52.04, for a total transaction of $442,340.00. Following the completion of the transaction, the director now directly owns 79,539 shares in the company, valued at $4,139,209.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Mercury Systems Inc (NASDAQ MRCY) traded down $0.93 on Tuesday, hitting $50.86. 243,200 shares of the stock were exchanged, compared to its average volume of 411,521. The stock has a market capitalization of $2,498.43, a price-to-earnings ratio of 55.69, a PEG ratio of 4.30 and a beta of 0.23. Mercury Systems Inc has a 12-month low of $29.31 and a 12-month high of $54.49.

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

Several equities analysts have issued reports on MRCY shares. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. SunTrust Banks reissued a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. Robert W. Baird boosted their price objective on shares of Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Mercury Systems has a consensus rating of “Buy” and an average price target of $51.17.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in Mercury Systems by 16.0% during the third quarter. Sterling Capital Management LLC now owns 50,556 shares of the technology company’s stock valued at $2,623,000 after purchasing an additional 6,979 shares during the period. Insight Capital Research & Management Inc. acquired a new position in Mercury Systems during the third quarter valued at $789,000. California Public Employees Retirement System lifted its position in Mercury Systems by 15.7% during the third quarter. California Public Employees Retirement System now owns 54,242 shares of the technology company’s stock valued at $2,814,000 after purchasing an additional 7,342 shares during the period. Janney Montgomery Scott LLC acquired a new position in Mercury Systems during the third quarter valued at $1,065,000. Finally, Bamco Inc. NY lifted its position in Mercury Systems by 8.9% during the third quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock valued at $63,605,000 after purchasing an additional 100,000 shares during the period. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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