Mercury Systems Inc (MRCY) COO Sells $176,750.00 in Stock

Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $50.50, for a total transaction of $176,750.00. Following the completion of the sale, the chief operating officer now directly owns 372,940 shares of the company’s stock, valued at approximately $18,833,470. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mercury Systems Inc (NASDAQ:MRCY) opened at $52.08 on Friday. The company has a market cap of $2,510.00, a P/E ratio of 55.95, a PEG ratio of 4.32 and a beta of 0.23. Mercury Systems Inc has a 1 year low of $29.31 and a 1 year high of $55.00.

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

Several analysts have issued reports on the stock. SunTrust Banks reissued a “buy” rating on shares of Mercury Systems in a research note on Friday, October 20th. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, October 31st. BidaskClub raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird raised their price objective on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 25th. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $51.17.

Several large investors have recently modified their holdings of MRCY. Bank of Montreal Can increased its position in shares of Mercury Systems by 29.2% during the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after acquiring an additional 556 shares during the period. Aperio Group LLC increased its position 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 during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Mercury Systems by 5.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,320 shares of the technology company’s stock worth $476,000 after acquiring an additional 610 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Mercury Systems by 2.4% during the second quarter. Great West Life Assurance Co. Can now owns 67,815 shares of the technology company’s stock worth $2,852,000 after acquiring an additional 1,600 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Mercury Systems by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 196,718 shares of the technology company’s stock worth $8,280,000 after acquiring an additional 1,927 shares during the period. 96.28% of the stock is currently owned by institutional investors and hedge funds.

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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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