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 the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $51.07, for a total transaction of $127,675.00. Following the completion of the sale, the chief financial officer now owns 213,260 shares in the company, valued at approximately $10,891,188.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Mercury Systems Inc (MRCY) traded down $0.37 during trading on Friday, hitting $50.08. 244,200 shares of the stock traded hands, compared to its average volume of 284,600. The stock has a market cap of $2,420.00, a PE ratio of 58.23, a PEG ratio of 4.16 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 quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million for the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. equities research analysts expect that Mercury Systems Inc will post 1.09 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. Bank of Montreal Can lifted 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 valued at $104,000 after buying an additional 556 shares in the last quarter. Advisor Group Inc. lifted 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 valued at $132,000 after buying an additional 1,264 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Mercury Systems during the 3rd quarter valued at $206,000. Ameritas Investment Partners Inc. lifted 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 valued at $173,000 after buying an additional 195 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of Mercury Systems during the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 96.28% of the company’s stock.
MRCY has been the topic of several research reports. Zacks Investment Research cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. SunTrust Banks reiterated a “buy” rating and set a $51.00 price target on shares of Mercury Systems in a research note on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and set a $48.00 price target on shares of Mercury Systems in a research note on Tuesday, October 24th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Finally, BidaskClub cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $51.83.
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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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