Mercury Systems Inc (MRCY) CFO Gerald M. Haines II Sells 2,500 Shares
Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $47.69, for a total transaction of $119,225.00. Following the transaction, the chief financial officer now directly owns 210,760 shares of the company’s stock, valued at $10,051,144.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Mercury Systems Inc (NASDAQ:MRCY) traded down $2.96 during trading on Monday, reaching $43.69. 488,856 shares of the company’s stock traded hands, compared to its average volume of 444,485. The stock has a market capitalization of $2,250.52, a PE ratio of 49.20, a PEG ratio of 4.01 and a beta of 0.33. Mercury Systems Inc has a twelve month low of $33.37 and a twelve month high of $55.00.
Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $114.89 million. Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. analysts predict that Mercury Systems Inc will post 1.09 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of MRCY. Teachers Advisors LLC raised its holdings in Mercury Systems by 5.8% in the second quarter. Teachers Advisors LLC now owns 85,538 shares of the technology company’s stock worth $3,600,000 after buying an additional 4,654 shares during the last quarter. Amalgamated Bank raised its holdings in Mercury Systems by 5.4% in the second quarter. Amalgamated Bank now owns 6,290 shares of the technology company’s stock worth $265,000 after buying an additional 321 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in Mercury Systems by 62.4% in the second quarter. UBS Asset Management Americas Inc. now owns 25,116 shares of the technology company’s stock worth $1,057,000 after buying an additional 9,648 shares during the last quarter. Northern Trust Corp raised its holdings in Mercury Systems by 5.9% in the second quarter. Northern Trust Corp now owns 886,956 shares of the technology company’s stock worth $37,331,000 after buying an additional 49,281 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Mercury Systems by 4.6% in the second quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after buying an additional 180,028 shares during the last quarter. 96.26% of the stock is 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.
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