Mercury Systems Inc (MRCY) COO Didier M. C. Thibaud Sells 3,500 Shares

Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $49.52, for a total value of $173,320.00. Following the completion of the transaction, the chief operating officer now directly owns 379,940 shares of the company’s stock, valued at $18,814,628.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mercury Systems Inc (MRCY) traded down $0.55 during trading on Friday, hitting $50.68. The stock had a trading volume of 277,865 shares, compared to its average volume of 310,541. The stock has a market capitalization of $2,440.00, a PE ratio of 53.49, a PEG ratio of 3.91 and a beta of 0.22. Mercury Systems Inc has a 1-year low of $29.11 and a 1-year high of $54.49.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. equities analysts predict that Mercury Systems Inc will post 1.08 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in shares of Mercury Systems by 16.0% during the third quarter. Sterling Capital Management LLC now owns 50,556 shares of the technology company’s stock worth $2,623,000 after purchasing an additional 6,979 shares in the last quarter. Insight Capital Research & Management Inc. purchased a new stake in shares of Mercury Systems during the third quarter worth approximately $789,000. California Public Employees Retirement System increased its position in shares of Mercury Systems by 15.7% during the third quarter. California Public Employees Retirement System now owns 54,242 shares of the technology company’s stock worth $2,814,000 after purchasing an additional 7,342 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Mercury Systems during the third quarter worth approximately $1,065,000. Finally, Bamco Inc. NY increased its position in shares of Mercury Systems by 8.9% during the third quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock worth $63,605,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

MRCY has been the subject of a number of analyst reports. Zacks Investment Research downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Robert W. Baird boosted their price objective on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. restated a “buy” rating on shares of Mercury Systems in a research report on Friday, October 20th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mercury Systems has an average rating of “Buy” and a consensus price target of $51.17.

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.

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

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