Mercury Systems Inc. (NASDAQ:MRCY) Director James K. Bass sold 7,375 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $29.60, for a total value of $218,300.00. Following the completion of the sale, the director now owns 57,413 shares of the company’s stock, valued at approximately $1,699,424.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mercury Systems Inc. (NASDAQ:MRCY) opened at 31.73 on Tuesday. The stock’s 50 day moving average price is $25.60 and its 200 day moving average price is $23.75. Mercury Systems Inc. has a 52-week low of $15.67 and a 52-week high of $31.95. The firm has a market capitalization of $1.30 billion, a PE ratio of 55.47 and a beta of 0.47.

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

A number of research analysts have issued reports on MRCY shares. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating and set a $31.00 target price for the company in a research note on Friday, October 28th. Drexel Hamilton started coverage on Mercury Systems in a research note on Thursday, August 25th. They issued a “buy” rating for the company. Jefferies Group reissued a “hold” rating and issued a $27.00 target price (up from $22.00) on shares of Mercury Systems in a research note on Thursday, August 4th. 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 target price for the company. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised 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 valued at $74,596,000 after buying an additional 479,432 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Mercury Systems by 8.8% in the third quarter. BlackRock Fund Advisors now owns 2,837,803 shares of the company’s stock valued at $69,725,000 after buying an additional 228,934 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mercury Systems by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,191 shares of the company’s stock valued at $49,898,000 after buying an additional 25,209 shares in the last quarter. Waddell & Reed Financial Inc. raised its position in shares of Mercury Systems by 20.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,704,017 shares of the company’s stock valued at $42,362,000 after buying an additional 290,274 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Mercury Systems by 0.5% in the third quarter. Neuberger Berman Group LLC now owns 1,700,102 shares of the company’s stock valued at $41,772,000 after buying an additional 8,780 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.

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. The Company’s 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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