Mercury Systems Inc (NASDAQ:MRCY) Director Michael A. Daniels sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $77.68, for a total transaction of $116,520.00. Following the completion of the transaction, the director now directly owns 73,937 shares of the company’s stock, valued at $5,743,426.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Mercury Systems stock traded up $1.64 during trading hours on Thursday, reaching $81.06. 14,325 shares of the company’s stock were exchanged, compared to its average volume of 439,226. The company has a 50 day moving average of $81.68 and a two-hundred day moving average of $71.33. Mercury Systems Inc has a fifty-two week low of $41.16 and a fifty-two week high of $89.44. The stock has a market cap of $4.41 billion, a P/E ratio of 52.87, a P/E/G ratio of 4.19 and a beta of 1.11.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.11. Mercury Systems had a net margin of 7.14% and a return on equity of 8.11%. The company had revenue of $176.96 million during the quarter, compared to the consensus estimate of $171.98 million. During the same period in the prior year, the business posted $0.47 EPS. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts predict that Mercury Systems Inc will post 1.72 earnings per share for the current year.

A number of brokerages recently weighed in on MRCY. Zacks Investment Research raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. BidaskClub downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group started coverage on shares of Mercury Systems in a research note on Friday, August 16th. They set a “neutral” rating and a $75.00 price objective for the company. Finally, Bank of America upgraded shares of Mercury Systems from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $50.00 to $85.00 in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mercury Systems presently has an average rating of “Buy” and an average target price of $73.50.

Institutional investors have recently bought and sold shares of the company. Aperio Group LLC boosted its stake in shares of Mercury Systems by 21.7% during the 2nd quarter. Aperio Group LLC now owns 16,395 shares of the technology company’s stock worth $1,153,000 after buying an additional 2,922 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Mercury Systems by 1,751.6% in the 2nd quarter. SG Americas Securities LLC now owns 40,050 shares of the technology company’s stock valued at $2,818,000 after purchasing an additional 37,887 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Mercury Systems in the 1st quarter valued at about $227,000. Sawgrass Asset Management LLC bought a new stake in shares of Mercury Systems in the 1st quarter valued at about $544,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Mercury Systems by 15.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 18,842 shares of the technology company’s stock valued at $1,325,000 after purchasing an additional 2,511 shares during the period. Institutional investors own 96.82% of the company’s stock.

About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

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