Mercury Systems Inc. (NASDAQ:MRCY) VP Charles A. Speicher sold 15,666 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $30.90, for a total value of $484,079.40. Following the sale, the vice president now owns 44,341 shares in the company, valued at $1,370,136.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Mercury Systems Inc. (NASDAQ:MRCY) traded down 1.25% during trading on Monday, reaching $30.85. The company had a trading volume of 42,382 shares. The firm has a market capitalization of $1.27 billion, a P/E ratio of 53.93 and a beta of 0.47. Mercury Systems Inc. has a 52 week low of $15.67 and a 52 week high of $32.49. The stock has a 50 day moving average price of $27.21 and a 200 day moving average price of $24.33.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The business had revenue of $87.65 million for the quarter, compared to the consensus estimate of $85.08 million. Mercury Systems had a return on equity of 6.43% and a net margin of 7.21%. The business’s quarterly revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. Analysts predict that Mercury Systems Inc. will post $0.50 earnings per share for the current year.
Several institutional investors have recently modified their holdings of MRCY. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Mercury Systems during the second quarter worth about $10,714,000. Swiss National Bank increased its position in Mercury Systems by 15.0% in the second quarter. Swiss National Bank now owns 61,500 shares of the company’s stock valued at $1,529,000 after buying an additional 8,000 shares during the last quarter. 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 valued at $6,222,000 after buying an additional 8,110 shares during the last quarter. Emerald Advisers Inc. PA purchased a new position in Mercury Systems during the second quarter valued at about $11,170,000. Finally, JPMorgan Chase & Co. purchased a new position in Mercury Systems during the second quarter valued at about $378,000. 92.05% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on MRCY shares. Noble Financial restated 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. Jefferies Group restated a “hold” rating and issued a $27.00 price target (up from $22.00) on shares of Mercury Systems in a research note on Thursday, August 4th. Drexel Hamilton started coverage on Mercury Systems in a research note on Thursday, August 25th. They issued a “buy” rating on the stock. Robert W. Baird started coverage on Mercury Systems in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $30.00 price target on the stock. Finally, Zacks Investment Research downgraded Mercury Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $28.00.
Mercury Systems Company Profile