Trading Report: Today, 15,666 Shares of Stock are sold by Mercury Systems Inc. (MRCY) VP Charles A. Speicher

Today, 15,666 Shares of Stock are sold by Mercury Systems Inc. (MRCY) VP Charles A. Speicher

Mercury Systems Inc. (NASDAQ:MRCY) VP Charles A. Speicher sold 15,666 shares of the firm’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $30.90, for a total transaction of $484,079.40. Following the sale, the vice president now owns 44,341 shares in the company, valued at approximately $1,370,136.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Mercury Systems Inc. (NASDAQ:MRCY) opened at 30.87 on Tuesday. The firm has a 50-day moving average of $27.40 and a 200-day moving average of $24.46. Mercury Systems Inc. has a one year low of $15.67 and a one year high of $32.49. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 53.97 and a beta of 0.47.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.08. Mercury Systems had a net margin of 7.21% and a return on equity of 6.43%. The business earned $87.65 million during the quarter, compared to analyst estimates of $85.08 million. During the same period in the prior year, the business posted $0.19 earnings per share. The company’s revenue was up 50.1% on a year-over-year basis. Equities research analysts forecast that Mercury Systems Inc. will post $0.50 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of MRCY. BlackRock Institutional Trust Company N.A. raised its position in shares of Mercury Systems by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 894,019 shares of the company’s stock worth $18,149,000 after buying an additional 13,753 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Mercury Systems by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 59,230 shares of the company’s stock worth $1,203,000 after buying an additional 23,576 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Mercury Systems by 154.9% in the second quarter. BNP Paribas Arbitrage SA now owns 12,456 shares of the company’s stock worth $310,000 after buying an additional 7,570 shares in the last quarter. Capstone Asset Management Co. bought a new position in shares of Mercury Systems during the second quarter worth $296,000. Finally, Eagle Asset Management Inc. bought a new position in shares of Mercury Systems during the second quarter worth $7,270,000. Hedge funds and other institutional investors own 92.05% of the company’s stock.

MRCY has been the topic of several research reports. Zacks Investment Research upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating and set a $31.00 price objective on the stock in a research report on Friday, October 28th. Drexel Hamilton initiated coverage on shares of Mercury Systems in a research report on Thursday, August 25th. They set a “buy” rating on the stock. Bank of America Corp. initiated coverage on shares of Mercury Systems in a research report on Friday, November 18th. They set a “neutral” rating on the stock. Jefferies Group restated a “hold” rating and set a $27.00 price objective (up previously from $22.00) on shares of Mercury Systems in a research report on Thursday, August 4th. Finally, Robert W. Baird initiated coverage on shares of Mercury Systems in a research report on Wednesday, October 5th. They set an “outperform” rating and a $30.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.00.

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