Mark Aslett Sells 109,600 Shares of Mercury Systems Inc. (MRCY) Stock
Mercury Systems Inc. (NASDAQ:MRCY) insider Mark Aslett sold 109,600 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $31.80, for a total transaction of $3,485,280.00. Following the transaction, the insider now owns 664,676 shares of the company’s stock, valued at approximately $21,136,696.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mark Aslett also recently made the following trade(s):
- On Tuesday, November 1st, Mark Aslett sold 9,600 shares of Mercury Systems stock. The shares were sold at an average price of $27.32, for a total transaction of $262,272.00.
Shares of Mercury Systems Inc. (NASDAQ:MRCY) opened at 30.64 on Friday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 53.57 and a beta of 0.47. The stock has a 50 day moving average of $26.31 and a 200-day moving average of $23.94. Mercury Systems Inc. has a one year low of $15.67 and a one year high of $32.49.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.08. Mercury Systems had a return on equity of 6.43% and a net margin of 7.21%. The firm earned $87.65 million during the quarter, compared to analysts’ expectations of $85.08 million. During the same period last year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. Equities analysts forecast that Mercury Systems Inc. will post $0.50 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. PineBridge Investments L.P. boosted its position in shares of Mercury Systems by 30.9% in the second quarter. PineBridge Investments L.P. now owns 5,077 shares of the company’s stock valued at $126,000 after buying an additional 1,197 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Mercury Systems by 29.7% in the second quarter. Teacher Retirement System of Texas now owns 5,533 shares of the company’s stock valued at $138,000 after buying an additional 1,268 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Mercury Systems during the third quarter valued at about $146,000. Sei Investments Co. boosted its position in shares of Mercury Systems by 36.6% in the second quarter. Sei Investments Co. now owns 5,966 shares of the company’s stock valued at $148,000 after buying an additional 1,599 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Mercury Systems during the second quarter valued at about $179,000. Hedge funds and other institutional investors own 92.51% of the company’s stock.
Several research firms recently weighed in on MRCY. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Wednesday, August 3rd. They noted that the move was a valuation call. Jefferies Group set a $27.00 target price on shares of Mercury Systems and gave the stock a “hold” rating in a research report on Tuesday, November 8th. Zacks Investment Research lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Robert W. Baird began coverage on shares of Mercury Systems in a research report on Wednesday, October 5th. They set an “outperform” rating and a $30.00 target price for the company. Finally, Drexel Hamilton began coverage on shares of Mercury Systems in a research report on Thursday, August 25th. They set a “buy” rating for the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $28.00.
Mercury Systems Company Profile
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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