Mercury Systems Inc (MRCY) COO Didier M. C. Thibaud Sells 3,500 Shares

Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.00, for a total transaction of $168,000.00. Following the completion of the sale, the chief operating officer now owns 362,440 shares of the company’s stock, valued at $17,397,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Mercury Systems Inc (NASDAQ:MRCY) opened at $44.30 on Wednesday. The stock has a market cap of $2,140.00, a price-to-earnings ratio of 48.15, a P/E/G ratio of 4.01 and a beta of 0.33. Mercury Systems Inc has a fifty-two week low of $33.37 and a fifty-two week high of $55.00.

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

A number of hedge funds have recently added to or reduced their stakes in MRCY. Advisor Group Inc. boosted its holdings in Mercury Systems by 97.8% during the third quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after acquiring an additional 1,264 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Mercury Systems by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after acquiring an additional 195 shares during the period. Shelton Capital Management bought a new stake in Mercury Systems during the second quarter valued at about $200,000. Flinton Capital Management LLC boosted its holdings in Mercury Systems by 72.3% during the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after acquiring an additional 2,040 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in Mercury Systems during the third quarter valued at about $206,000. Institutional investors own 96.26% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating and issued a $61.00 price objective on shares of Mercury Systems in a report on Wednesday, January 24th. BidaskClub upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research cut shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 28th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $48.00 price objective on shares of Mercury Systems in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $55.50.

TRADEMARK VIOLATION NOTICE: “Mercury Systems Inc (MRCY) COO Didier M. C. Thibaud Sells 3,500 Shares” was posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.com-unik.info/2018/02/07/mercury-systems-inc-mrcy-coo-didier-m-c-thibaud-sells-3500-shares-2.html.

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)

Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit