Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud Sells 3,500 Shares

Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $49.52, for a total transaction of $173,320.00. Following the completion of the sale, the chief operating officer now directly owns 379,940 shares of the company’s stock, valued at approximately $18,814,628.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mercury Systems Inc (MRCY) opened at $51.79 on Monday. The firm has a market cap of $2,500.00, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 4.30 and a beta of 0.23. Mercury Systems Inc has a 52-week low of $29.11 and a 52-week high of $54.49.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. equities research analysts anticipate that Mercury Systems Inc will post 1.08 earnings per share for the current year.

A number of research firms have weighed in on MRCY. Zacks Investment Research lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, October 26th. Robert W. Baird boosted their target price on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks reissued a “buy” rating on shares of Mercury Systems in a research report on Friday, October 20th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $51.17.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can raised its position in shares of Mercury Systems by 29.2% during the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock valued at $104,000 after buying an additional 556 shares during the last quarter. Advisor Group Inc. raised its position in shares of 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 buying an additional 1,264 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of 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 buying an additional 195 shares during the last quarter. Shelton Capital Management acquired a new position in shares of Mercury Systems during the second quarter valued at about $200,000. Finally, Flinton Capital Management LLC raised its position in shares of Mercury Systems by 72.3% during the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after buying an additional 2,040 shares during the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

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