Mark Aslett Sells 9,600 Shares of Mercury Systems Inc (MRCY) Stock

Mercury Systems Inc (NASDAQ:MRCY) insider Mark Aslett sold 9,600 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $40.26, for a total value of $386,496.00. Following the transaction, the insider now owns 557,449 shares in the company, valued at $22,442,896.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Mark Aslett also recently made the following trade(s):

  • On Friday, May 5th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $39.92, for a total value of $383,232.00.
  • On Wednesday, March 15th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $38.79, for a total value of $372,384.00.
  • On Thursday, March 2nd, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $37.80, for a total value of $362,880.00.
  • On Friday, February 17th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $37.15, for a total value of $356,640.00.

Shares of Mercury Systems Inc (NASDAQ:MRCY) traded up 0.62% on Friday, hitting $38.76. The stock had a trading volume of 154,021 shares. The firm has a market capitalization of $1.86 billion, a P/E ratio of 66.94 and a beta of 0.50. Mercury Systems Inc has a 12-month low of $20.13 and a 12-month high of $41.49. The company has a 50 day moving average of $39.05 and a 200-day moving average of $34.72.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The business had revenue of $107.30 million for the quarter, compared to analyst estimates of $105.54 million. Mercury Systems had a net margin of 6.53% and a return on equity of 6.69%. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. Equities analysts predict that Mercury Systems Inc will post $1.10 EPS for the current fiscal year.

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

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Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC raised its stake in shares of Mercury Systems by 18.6% in the first quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock worth $110,000 after buying an additional 442 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Mercury Systems during the first quarter worth $116,000. Ameritas Investment Partners Inc. bought a new stake in shares of Mercury Systems during the first quarter worth $153,000. First Mercantile Trust Co. bought a new stake in shares of Mercury Systems during the first quarter worth $159,000. Finally, LS Investment Advisors LLC raised its stake in shares of Mercury Systems by 219.1% in the first quarter. LS Investment Advisors LLC now owns 4,799 shares of the technology company’s stock worth $187,000 after buying an additional 3,295 shares in the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

MRCY has been the topic of a number of recent research reports. Citigroup Inc lifted their target price on Mercury Systems to $48.00 and gave the stock a “buy” rating in a research report on Monday, March 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $30.00 price objective on shares of Mercury Systems in a report on Monday, March 27th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, April 20th. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a report on Thursday, April 13th. Finally, JPMorgan Chase & Co. started coverage on Mercury Systems in a report on Thursday, March 9th. They set an “overweight” rating and a $48.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $41.67.

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.

5 Day Chart for NASDAQ:MRCY

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