Mercury Systems Inc (NASDAQ:MRCY) CEO Mark Aslett sold 4,800 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $47.42, for a total value of $227,616.00. Following the transaction, the chief executive officer now directly owns 519,382 shares of the company’s stock, valued at $24,629,094.44. The sale was disclosed in a filing with the SEC, which is available at this link.
Mark Aslett also recently made the following trade(s):
- On Tuesday, September 12th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $47.32, for a total value of $454,272.00.
Shares of Mercury Systems Inc (NASDAQ MRCY) opened at 47.03 on Friday. The firm has a market cap of $2.26 billion, a PE ratio of 81.09 and a beta of 0.42. Mercury Systems Inc has a 12-month low of $22.31 and a 12-month high of $49.24. The stock’s 50 day moving average price is $46.41 and its 200 day moving average price is $41.52.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $115.60 million for the quarter, compared to analysts’ expectations of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The firm’s revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, equities research analysts predict that Mercury Systems Inc will post $1.24 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of MRCY. Bank of Montreal Can grew its position in Mercury Systems by 29.2% during the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after purchasing an additional 556 shares in the last quarter. Flinton Capital Management LLC grew its position in Mercury Systems by 18.6% during the 1st quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock worth $110,000 after purchasing an additional 442 shares in the last quarter. Private Advisor Group LLC purchased a new position in Mercury Systems during the 1st quarter worth approximately $116,000. Ameritas Investment Partners Inc. purchased a new position in Mercury Systems during the 1st quarter worth approximately $153,000. Finally, LS Investment Advisors LLC grew its position in Mercury Systems by 219.1% during the 1st quarter. LS Investment Advisors LLC now owns 4,799 shares of the technology company’s stock worth $187,000 after purchasing an additional 3,295 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
A number of research firms recently weighed in on MRCY. Zacks Investment Research cut Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price target on shares of Mercury Systems in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Mercury Systems currently has a consensus rating of “Buy” and a consensus target price of $43.00.
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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