Today, Mercury Systems Inc. (MRCY) Director Sold $194,160.00 in Stock

Today, Mercury Systems Inc. (MRCY) Director Sold $194,160.00 in Stock

Mercury Systems Inc. (NASDAQ:MRCY) Director Vincent Vitto sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $24.27, for a total transaction of $194,160.00. Following the sale, the director now directly owns 61,893 shares in the company, valued at approximately $1,502,143.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Mercury Systems Inc. (NASDAQ:MRCY) opened at 23.36 on Monday. The stock has a market cap of $942.81 million, a PE ratio of 41.71 and a beta of 0.86. The stock has a 50 day moving average of $23.36 and a 200-day moving average of $22.81. Mercury Systems Inc. has a 52 week low of $15.67 and a 52 week high of $26.37.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.15. The company had revenue of $85.40 million for the quarter, compared to the consensus estimate of $69.51 million. Mercury Systems had a net margin of 7.31% and a return on equity of 6.47%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. Equities research analysts predict that Mercury Systems Inc. will post $0.73 earnings per share for the current fiscal year.

MRCY has been the subject of a number of research reports. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Wednesday, August 3rd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Tuesday, July 5th. Jefferies Group reissued a “hold” rating and issued a $27.00 price target (up previously from $22.00) on shares of Mercury Systems in a research note on Thursday, August 4th. Robert W. Baird initiated coverage on shares of Mercury Systems in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $30.00 price target for the company. Finally, Drexel Hamilton initiated coverage on shares of Mercury Systems in a research note on Thursday, August 25th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Mercury Systems currently has an average rating of “Buy” and a consensus price target of $27.50.

Several institutional investors have recently bought and sold shares of the company. Eagle Boston Investment Management Inc. increased its position in Mercury Systems by 0.6% in the third quarter. Eagle Boston Investment Management Inc. now owns 152,804 shares of the company’s stock worth $3,754,000 after buying an additional 909 shares during the last quarter. Macquarie Group Ltd. increased its position in Mercury Systems by 184.1% in the second quarter. Macquarie Group Ltd. now owns 77,000 shares of the company’s stock worth $1,914,000 after buying an additional 49,900 shares during the last quarter. Mason Street Advisors LLC acquired a new position in Mercury Systems during the second quarter worth about $195,000. Aristotle Capital Boston LLC increased its position in Mercury Systems by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 250,294 shares of the company’s stock worth $6,222,000 after buying an additional 8,110 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Mercury Systems by 190.7% in the second quarter. Public Employees Retirement System of Ohio now owns 53,834 shares of the company’s stock worth $1,338,000 after buying an additional 35,314 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors.

Mercury Systems Company Profile

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