Insider Selling: Mercury Systems Inc (MRCY) COO Sells $180,670.00 in Stock
Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction on Friday, December 1st. The stock was sold at an average price of $51.62, for a total transaction of $180,670.00. Following the transaction, the chief operating officer now directly owns 376,440 shares in the company, valued at $19,431,832.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Mercury Systems Inc (NASDAQ:MRCY) traded up $0.73 on Thursday, reaching $51.70. 219,800 shares of the company’s stock were exchanged, compared to its average volume of 409,827. The stock has a market cap of $2,458.87, a P/E ratio of 54.81, a price-to-earnings-growth ratio of 4.23 and a beta of 0.23. Mercury Systems Inc has a 1 year low of $29.31 and a 1 year high of $54.49.
Mercury Systems (NASDAQ:MRCY) last released 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 company had revenue of $106.10 million for the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. analysts anticipate that Mercury Systems Inc will post 1.08 earnings per share for the current fiscal year.
MRCY has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Robert W. Baird lifted their price objective on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $51.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of Mercury Systems by 29.2% during the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after purchasing an additional 556 shares during the period. Advisor Group Inc. raised its stake in shares of Mercury Systems by 97.8% during the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,264 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Mercury Systems by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after purchasing an additional 195 shares during the period. Shelton Capital Management bought a new stake in shares of Mercury Systems during the 2nd quarter worth $200,000. Finally, Flinton Capital Management LLC raised its stake in shares of Mercury Systems by 72.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock worth $205,000 after purchasing an additional 2,040 shares during the period. Institutional investors own 96.38% of the company’s stock.
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About Mercury Systems
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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