Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $48.00, for a total transaction of $168,000.00. Following the completion of the sale, the chief operating officer now owns 355,440 shares of the company’s stock, valued at $17,061,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Mercury Systems Inc (NASDAQ:MRCY) traded up $0.11 during trading on Thursday, hitting $48.25. 145,310 shares of the stock traded hands, compared to its average volume of 388,677. The stock has a market cap of $2,320.00, a PE ratio of 54.09, a P/E/G ratio of 4.00 and a beta of 0.40. Mercury Systems Inc has a 12-month low of $36.09 and a 12-month high of $55.00.
Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The business had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $114.89 million. Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. Mercury Systems’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. equities research analysts forecast that Mercury Systems Inc will post 1.09 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Elkfork Partners LLC purchased a new position in Mercury Systems during the 4th quarter valued at about $325,000. MetLife Investment Advisors LLC purchased a new position in Mercury Systems in the fourth quarter worth about $1,141,000. Castleark Management LLC raised its holdings in 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 buying an additional 10,480 shares during the last quarter. Millennium Management LLC raised its holdings in 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 buying an additional 154,629 shares during the last quarter. Finally, Flinton Capital Management LLC raised its holdings in 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 buying an additional 1,224 shares during the last quarter. 93.58% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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