Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $48.00, for a total value of $168,000.00. Following the completion of the sale, the chief operating officer now directly owns 355,440 shares of the company’s stock, valued at $17,061,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Mercury Systems Inc (MRCY) opened at $49.73 on Friday. The firm has a market capitalization of $2,359.06, a PE ratio of 54.05, a P/E/G ratio of 3.92 and a beta of 0.40. Mercury Systems Inc has a fifty-two week low of $36.09 and a fifty-two week high of $55.00.
Mercury Systems (NASDAQ:MRCY) last posted its earnings results 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). The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.89 million. Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. sell-side analysts anticipate that Mercury Systems Inc will post 1.09 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Elkfork Partners LLC bought a new position in shares of Mercury Systems during the fourth quarter valued at approximately $325,000. MetLife Investment Advisors LLC bought a new position in shares of Mercury Systems during the fourth quarter valued at approximately $1,141,000. Castleark Management LLC grew its holdings in shares of Mercury Systems by 5.8% during the fourth quarter. Castleark Management LLC now owns 192,186 shares of the technology company’s stock valued at $9,869,000 after purchasing an additional 10,480 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Mercury Systems by 724.9% during the fourth quarter. Millennium Management LLC now owns 175,961 shares of the technology company’s stock valued at $9,036,000 after purchasing an additional 154,629 shares during the last quarter. Finally, Flinton Capital Management LLC grew its holdings in shares of Mercury Systems by 18.9% during the fourth quarter. Flinton Capital Management LLC now owns 7,684 shares of the technology company’s stock valued at $395,000 after purchasing an additional 1,224 shares during the last quarter. 92.90% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “Mercury Systems Inc (MRCY) COO Sells $168,000.00 in Stock” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3253886/mercury-systems-inc-mrcy-coo-sells-168000-00-in-stock-2.html.
About Mercury Systems
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.
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.