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

Mercury Systems Inc (NASDAQ:MRCY) insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $44.44, for a total transaction of $426,624.00. Following the transaction, the insider now owns 461,782 shares of the company’s stock, valued at approximately $20,521,592.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, January 31st, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $48.10, for a total transaction of $461,760.00.
  • On Monday, December 11th, Mark Aslett sold 4,800 shares of Mercury Systems stock. The stock was sold at an average price of $49.77, for a total transaction of $238,896.00.
  • On Thursday, November 30th, Mark Aslett sold 9,600 shares of Mercury Systems stock. The stock was sold at an average price of $52.17, for a total transaction of $500,832.00.

Mercury Systems Inc (MRCY) opened at $45.86 on Friday. Mercury Systems Inc has a 12-month low of $36.09 and a 12-month high of $55.00. The company has a market cap of $2,212.42, a price-to-earnings ratio of 47.28, a price-to-earnings-growth ratio of 3.68 and a beta of 0.33.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data 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 business had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.89 million. During the same quarter last year, the business earned $0.30 EPS. Mercury Systems’s revenue for the quarter was up 20.3% compared to the same quarter last year. equities analysts expect that Mercury Systems Inc will post 1.09 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its position in Mercury Systems by 97.8% during the third quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,264 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Mercury Systems during the fourth quarter valued at $149,000. Ameritas Investment Partners Inc. lifted its position in Mercury Systems by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after purchasing an additional 195 shares during the last quarter. Shelton Capital Management bought a new position in Mercury Systems during the second quarter valued at $200,000. Finally, Teacher Retirement System of Texas bought a new position in Mercury Systems during the third quarter valued at $206,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Bank of America dropped their target price on shares of Mercury Systems from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. BidaskClub upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research report on Tuesday, October 31st. Finally, Robert W. Baird restated a “buy” rating and set a $48.00 target price on shares of Mercury Systems in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $54.71.

WARNING: This story was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.thelincolnianonline.com/2018/02/18/mercury-systems-inc-mrcy-insider-mark-aslett-sells-9600-shares.html.

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)

Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply