Mark Aslett Sells 9,600 Shares of Mercury Systems Inc (MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) insider Mark Aslett sold 9,600 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $52.17, for a total transaction of $500,832.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • 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 transaction 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 transaction of $239,616.00.
  • On Monday, September 11th, Mark Aslett sold 4,800 shares of Mercury Systems stock. The shares were sold at an average price of $47.42, for a total transaction of $227,616.00.
  • On Tuesday, September 12th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $47.32, for a total transaction of $454,272.00.

Shares of Mercury Systems Inc (MRCY) opened at $51.79 on Friday. The firm has a market cap of $2,498.40, a P/E ratio of 55.69, a P/E/G ratio of 4.30 and a beta of 0.23. Mercury Systems Inc has a one year low of $29.11 and a one year high of $54.49.

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

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday. SunTrust Banks reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a research note on Monday, October 2nd. Robert W. Baird reaffirmed 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 reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $51.17.

Hedge funds have recently bought and sold shares of the business. Arizona State Retirement System raised its stake in shares of Mercury Systems by 0.4% during the second quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 100 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Mercury Systems by 8.3% during the second quarter. Thrivent Financial For Lutherans now owns 29,020 shares of the technology company’s stock worth $1,221,000 after acquiring an additional 2,230 shares in the last quarter. Aperio Group LLC raised its stake in shares of Mercury Systems by 40.9% during the second quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock worth $345,000 after acquiring an additional 2,381 shares in the last quarter. KBC Group NV purchased a new position in shares of Mercury Systems during the second quarter worth approximately $1,397,000. Finally, Principal Financial Group Inc. raised its stake in shares of Mercury Systems by 3.8% during the second quarter. Principal Financial Group Inc. now owns 396,151 shares of the technology company’s stock worth $16,674,000 after acquiring an additional 14,345 shares in the last quarter. 96.47% 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.

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