Mercury Systems Inc. (NASDAQ:MRCY) Director Vincent Vitto sold 8,000 shares of the company’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $24.27, for a total transaction of $194,160.00. Following the completion of the transaction, the director now owns 61,893 shares in the company, valued at approximately $1,502,143.11. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Mercury Systems Inc. (NASDAQ:MRCY) opened at 23.47 on Thursday. The stock’s 50 day moving average is $23.38 and its 200 day moving average is $22.78. The stock has a market cap of $947.25 million, a price-to-earnings ratio of 41.91 and a beta of 0.86. Mercury Systems Inc. has a 52-week low of $15.67 and a 52-week high of $26.37.
Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.15. Mercury Systems had a return on equity of 6.47% and a net margin of 7.31%. The firm earned $85.40 million during the quarter, compared to the consensus estimate of $69.51 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Mercury Systems Inc. will post $0.73 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Eagle Boston Investment Management Inc. increased its stake in Mercury Systems by 0.6% in the third quarter. Eagle Boston Investment Management Inc. now owns 152,804 shares of the company’s stock worth $3,754,000 after buying an additional 909 shares during the period. Macquarie Group Ltd. increased its stake in Mercury Systems by 184.1% in the second quarter. Macquarie Group Ltd. now owns 77,000 shares of the company’s stock worth $1,914,000 after buying an additional 49,900 shares during the period. Mason Street Advisors LLC purchased a new stake in Mercury Systems during the second quarter worth approximately $195,000. Aristotle Capital Boston LLC increased its stake in Mercury Systems by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 250,294 shares of the company’s stock worth $6,222,000 after buying an additional 8,110 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Mercury Systems by 190.7% in the second quarter. Public Employees Retirement System of Ohio now owns 53,834 shares of the company’s stock worth $1,338,000 after buying an additional 35,314 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.
MRCY has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Drexel Hamilton initiated coverage on shares of Mercury Systems in a research note on Thursday, August 25th. They issued a “buy” rating on the stock. Jefferies Group reissued a “hold” rating and issued a $27.00 target price (up previously from $22.00) on shares of Mercury Systems in a research report on Thursday, August 4th. Robert W. Baird initiated coverage on Mercury Systems in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $30.00 target price for the company. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Mercury Systems presently has an average rating of “Buy” and a consensus price target of $27.50.
Mercury Systems Company Profile
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