Mercury Systems Inc (MRCY) CFO Sells $119,225.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $47.69, for a total transaction of $119,225.00. Following the completion of the sale, the chief financial officer now directly owns 210,760 shares in the company, valued at approximately $10,051,144.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Mercury Systems Inc (NASDAQ:MRCY) traded down $2.96 on Monday, hitting $43.69. 488,856 shares of the stock were exchanged, compared to its average volume of 444,485. The company has a market cap of $2,250.52, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 4.01 and a beta of 0.33. Mercury Systems Inc has a 52-week low of $33.37 and a 52-week high of $55.00.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.89 million. Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. analysts expect that Mercury Systems Inc will post 1.09 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in MRCY. Teachers Advisors LLC lifted its position in Mercury Systems by 5.8% during the 2nd quarter. Teachers Advisors LLC now owns 85,538 shares of the technology company’s stock valued at $3,600,000 after acquiring an additional 4,654 shares during the period. Amalgamated Bank lifted its position in Mercury Systems by 5.4% during the 2nd quarter. Amalgamated Bank now owns 6,290 shares of the technology company’s stock valued at $265,000 after acquiring an additional 321 shares during the period. UBS Asset Management Americas Inc. lifted its position in Mercury Systems by 62.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 25,116 shares of the technology company’s stock valued at $1,057,000 after acquiring an additional 9,648 shares during the period. Northern Trust Corp lifted its position in Mercury Systems by 5.9% during the 2nd quarter. Northern Trust Corp now owns 886,956 shares of the technology company’s stock valued at $37,331,000 after acquiring an additional 49,281 shares during the period. Finally, Vanguard Group Inc. lifted its position in Mercury Systems by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock valued at $173,329,000 after acquiring an additional 180,028 shares during the period. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on MRCY. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. Citigroup reissued a “buy” rating and issued a $61.00 price target on shares of Mercury Systems in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 20th. BidaskClub lowered shares of Mercury Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $61.00 target price on shares of Mercury Systems in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.50.

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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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