Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of the 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 completion of the sale, the chief financial officer now owns 210,760 shares of the company’s stock, valued at approximately $10,051,144.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Mercury Systems Inc (NASDAQ:MRCY) opened at $43.42 on Tuesday. Mercury Systems Inc has a fifty-two week low of $33.37 and a fifty-two week high of $55.00. The company has a market cap of $2,250.52, a P/E ratio of 47.20, a P/E/G ratio of 4.01 and a beta of 0.33.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The firm had revenue of $117.90 million during the quarter, compared to the consensus estimate of $114.89 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. equities analysts predict that Mercury Systems Inc will post 1.09 EPS for the current year.
A number of large investors have recently made changes to their positions in MRCY. Westfield Capital Management Co. LP bought a new position in Mercury Systems in the 3rd quarter valued at $14,576,000. State Street Corp boosted its holdings in Mercury Systems by 13.2% in the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock valued at $70,906,000 after purchasing an additional 196,075 shares during the period. Vanguard Group Inc. boosted its holdings in Mercury Systems by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock valued at $173,329,000 after purchasing an additional 180,028 shares during the period. Bamco Inc. NY boosted its holdings in Mercury Systems by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock valued at $63,605,000 after purchasing an additional 100,000 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in Mercury Systems by 360.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 86,657 shares of the technology company’s stock valued at $4,496,000 after purchasing an additional 67,821 shares during the period. 96.26% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on MRCY. Citigroup reissued a “buy” rating and set a $61.00 target price on shares of Mercury Systems in a research report on Wednesday, January 24th. BidaskClub raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 28th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Mercury Systems in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Mercury Systems presently has a consensus rating of “Hold” and a consensus price target of $55.50.
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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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