Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $54.23, for a total transaction of $189,805.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
MRCY traded down $0.27 during midday trading on Wednesday, reaching $54.33. 101 shares of the company’s stock were exchanged, compared to its average volume of 315,400. The company has a current ratio of 4.63, a quick ratio of 3.11 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.63 billion, a P/E ratio of 48.08, a PEG ratio of 3.76 and a beta of 0.55. Mercury Systems Inc has a 1-year low of $30.11 and a 1-year high of $55.38.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, July 31st. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The company had revenue of $152.87 million during the quarter, compared to analysts’ expectations of $149.31 million. Mercury Systems had a net margin of 8.29% and a return on equity of 7.47%. The firm’s quarterly revenue was up 32.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. analysts forecast that Mercury Systems Inc will post 1.36 EPS for the current fiscal year.
MRCY has been the topic of a number of research analyst reports. ValuEngine raised shares of Mercury Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, BidaskClub raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Mercury Systems has a consensus rating of “Hold” and an average price target of $51.33.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in Mercury Systems by 7.7% during the second quarter. Bank of New York Mellon Corp now owns 1,819,829 shares of the technology company’s stock worth $69,263,000 after acquiring an additional 129,799 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Mercury Systems during the second quarter worth about $1,708,000. Advisors Asset Management Inc. raised its position in Mercury Systems by 191.6% during the second quarter. Advisors Asset Management Inc. now owns 28,476 shares of the technology company’s stock worth $366,000 after acquiring an additional 18,711 shares during the last quarter. Glenmede Trust Co. NA raised its position in Mercury Systems by 59.7% during the second quarter. Glenmede Trust Co. NA now owns 1,130,014 shares of the technology company’s stock worth $43,008,000 after acquiring an additional 422,612 shares during the last quarter. Finally, Putnam Investments LLC raised its position in Mercury Systems by 111.2% during the second quarter. Putnam Investments LLC now owns 89,155 shares of the technology company’s stock worth $3,393,000 after acquiring an additional 46,937 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.
About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.
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