Insider Selling: Mercury Systems Inc (NASDAQ:MRCY) COO Sells 3,500 Shares of Stock

Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $48.00, for a total transaction of $168,000.00. Following the completion of the transaction, the chief operating officer now directly owns 362,440 shares in the company, valued at approximately $17,397,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mercury Systems Inc (MRCY) opened at $44.36 on Thursday. Mercury Systems Inc has a 1 year low of $36.09 and a 1 year high of $55.00. The firm has a market cap of $2,142.45, a price-to-earnings ratio of 48.22, a price-to-earnings-growth ratio of 3.56 and a beta of 0.33.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The firm 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 company’s revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. equities analysts expect that Mercury Systems Inc will post 1.09 earnings per share for the current fiscal year.

A number of research firms recently issued reports on MRCY. Bank of America decreased their price target on shares of Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, January 25th. Citigroup reaffirmed a “buy” rating and set a $61.00 price target on shares of Mercury Systems in a research note on Wednesday, January 24th. Zacks Investment Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, BidaskClub downgraded shares of Mercury Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $54.71.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Castleark Management LLC grew its holdings in shares of Mercury Systems by 5.8% in the fourth quarter. Castleark Management LLC now owns 192,186 shares of the technology company’s stock worth $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% in the fourth quarter. Millennium Management LLC now owns 175,961 shares of the technology company’s stock worth $9,036,000 after purchasing an additional 154,629 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Mercury Systems by 18.9% in the fourth quarter. Flinton Capital Management LLC now owns 7,684 shares of the technology company’s stock worth $395,000 after purchasing an additional 1,224 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Mercury Systems by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 86,321 shares of the technology company’s stock worth $4,433,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its holdings in shares of Mercury Systems by 14,884.2% in the fourth quarter. Hanseatic Management Services Inc. now owns 5,694 shares of the technology company’s stock worth $292,000 after purchasing an additional 5,656 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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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.

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

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