Mercury Systems Inc (NASDAQ:MRCY) Director Vincent Vitto sold 8,500 shares of Mercury Systems stock in a transaction on Monday, December 4th. The stock was sold at an average price of $52.04, for a total transaction of $442,340.00. Following the transaction, the director now owns 79,539 shares in the company, valued at approximately $4,139,209.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Mercury Systems Inc (MRCY) opened at $51.70 on Thursday. The company has a market cap of $2,458.87, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 4.23 and a beta of 0.23. Mercury Systems Inc has a one year low of $29.31 and a one year high of $54.49.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million for the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 EPS. analysts expect that Mercury Systems Inc will post 1.08 earnings per share for the current year.
A number of research firms recently weighed in on MRCY. Robert W. Baird lifted their target price on shares of Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. SunTrust Banks restated a “buy” rating and set a $51.00 target price on shares of Mercury Systems in a research note on Monday, October 2nd. Finally, Noble Financial restated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Mercury Systems currently has a consensus rating of “Buy” and an average price target of $51.17.
Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of Mercury Systems by 29.2% in the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after buying an additional 556 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Mercury Systems by 97.8% in the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after buying an additional 1,264 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Mercury Systems by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after buying an additional 195 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Mercury Systems in the 2nd quarter worth about $200,000. Finally, Flinton Capital Management LLC increased its holdings in shares of Mercury Systems by 72.3% in the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock worth $205,000 after buying an additional 2,040 shares during the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.
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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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