Mercury Systems Inc (NASDAQ:MRCY) CEO Mark Aslett sold 4,800 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $49.77, for a total value of $238,896.00. Following the sale, the chief executive officer now owns 480,982 shares in the company, valued at approximately $23,938,474.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mark Aslett also recently made the following trade(s):

  • On Thursday, November 30th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $52.17, for a total value of $500,832.00.
  • On Thursday, November 16th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $50.11, for a total value of $481,056.00.
  • On Monday, October 30th, Mark Aslett sold 4,800 shares of Mercury Systems stock. The shares were sold at an average price of $49.92, for a total value of $239,616.00.

Shares of Mercury Systems Inc (NASDAQ MRCY) traded up $2.17 on Wednesday, hitting $50.29. The stock had a trading volume of 495,957 shares, compared to its average volume of 408,558. Mercury Systems Inc has a 1 year low of $29.31 and a 1 year high of $54.49. The stock has a market capitalization of $2,366.73, a P/E ratio of 52.75, a price-to-earnings-growth ratio of 4.08 and a beta of 0.23.

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

Several analysts have weighed in on the company. Zacks Investment Research downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. SunTrust Banks restated a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a research note on Monday, October 2nd. BidaskClub downgraded Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday. Robert W. Baird restated a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a research note on Tuesday, October 24th. Finally, Noble Financial restated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.17.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Mercury Systems by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after purchasing an additional 180,028 shares during the period. Wells Fargo & Company MN raised its holdings in Mercury Systems by 2.8% in the 3rd quarter. Wells Fargo & Company MN now owns 2,292,917 shares of the technology company’s stock worth $118,956,000 after purchasing an additional 62,496 shares during the period. State Street Corp raised its holdings in Mercury Systems by 13.2% in the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock worth $70,906,000 after purchasing an additional 196,075 shares during the period. Goldman Sachs Group Inc. raised its holdings in Mercury Systems by 5.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock worth $54,453,000 after purchasing an additional 62,547 shares during the period. Finally, Bamco Inc. NY raised its holdings in Mercury Systems by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock worth $63,605,000 after purchasing an additional 100,000 shares during the period. 96.38% of the stock is owned by 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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