Mercury Systems Inc. (NASDAQ:MRCY) Director Vincent Vitto sold 8,000 shares of the stock in a transaction 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 transaction, the director now directly owns 61,893 shares in the company, valued at $1,502,143.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Mercury Systems Inc. (NASDAQ:MRCY) opened at 23.47 on Thursday. Mercury Systems Inc. has a one year low of $15.67 and a one year high of $26.37. The stock has a 50 day moving average of $23.38 and a 200 day moving average of $22.78. The stock has a market cap of $947.25 million, a P/E ratio of 41.91 and a beta of 0.86.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.15. Mercury Systems had a net margin of 7.31% and a return on equity of 6.47%. The firm had revenue of $85.40 million for the quarter, compared to analysts’ expectations of $69.51 million. During the same quarter in the previous year, the business posted $0.18 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Mercury Systems Inc. will post $0.73 EPS for the current year.

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

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Mercury Systems by 349.4% in the second quarter. Franklin Resources Inc. now owns 1,344,613 shares of the company’s stock worth $33,427,000 after buying an additional 1,045,413 shares during the last quarter. Penn Capital Management Co. Inc. boosted its position in shares of Mercury Systems by 333.0% in the second quarter. Penn Capital Management Co. Inc. now owns 667,138 shares of the company’s stock worth $16,718,000 after buying an additional 513,061 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Mercury Systems by 19.0% in the second quarter. Vanguard Group Inc. now owns 3,000,642 shares of the company’s stock worth $74,596,000 after buying an additional 479,432 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Mercury Systems by 22.1% in the second quarter. BlackRock Fund Advisors now owns 2,608,869 shares of the company’s stock worth $64,856,000 after buying an additional 473,048 shares during the last quarter. Finally, Emerald Advisers Inc. PA purchased a new position in shares of Mercury Systems during the second quarter worth about $11,170,000. Institutional investors own 91.85% of the company’s stock.

About Mercury Systems

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