Mercury Systems Inc. (NASDAQ:MRCY) Director Vincent Vitto sold 4,500 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $31.44, for a total value of $141,480.00. Following the completion of the sale, the director now owns 67,639 shares of the company’s stock, valued at $2,126,570.16. The transaction was disclosed in a filing with the SEC, which is available through this link.

Vincent Vitto also recently made the following trade(s):

  • On Friday, October 7th, Vincent Vitto sold 8,000 shares of Mercury Systems stock. The stock was sold at an average price of $24.27, for a total value of $194,160.00.

Mercury Systems Inc. (NASDAQ:MRCY) opened at 30.64 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of 53.57 and a beta of 0.47. The firm’s 50 day moving average is $26.31 and its 200 day moving average is $23.94. Mercury Systems Inc. has a 12-month low of $15.67 and a 12-month high of $32.49.

Mercury Systems (NASDAQ:MRCY) last issued 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. The firm earned $87.65 million during the quarter, compared to analysts’ expectations of $85.08 million. Mercury Systems had a net margin of 7.21% and a return on equity of 6.43%. Mercury Systems’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Equities research analysts anticipate that Mercury Systems Inc. will post $0.50 EPS for the current fiscal year.

Several equities research analysts have recently commented on MRCY shares. Zacks Investment Research upgraded Mercury Systems from a “sell” rating to a “hold” rating and set a $31.00 price objective 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 restated a “hold” rating and issued a $27.00 price objective (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 price objective for the company. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.00.

Several institutional investors have recently made changes to their positions in MRCY. Chartwell Investment Partners LLC increased its position in shares of Mercury Systems by 32.4% in the third quarter. Chartwell Investment Partners LLC now owns 200,590 shares of the company’s stock worth $4,928,000 after buying an additional 49,113 shares in the last quarter. Bamco Inc. NY increased its position in shares of Mercury Systems by 13.3% in the third quarter. Bamco Inc. NY now owns 646,100 shares of the company’s stock worth $15,875,000 after buying an additional 75,797 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Mercury Systems during the third quarter worth about $644,000. Rainier Investment Management LLC increased its position in shares of Mercury Systems by 11.8% in the third quarter. Rainier Investment Management LLC now owns 283,930 shares of the company’s stock worth $6,976,000 after buying an additional 30,040 shares in the last quarter. Finally, ACK Asset Management LLC increased its position in shares of Mercury Systems by 6.4% in the third quarter. ACK Asset Management LLC now owns 1,182,241 shares of the company’s stock worth $29,048,000 after buying an additional 70,841 shares in the last quarter. Institutional investors and hedge funds own 92.51% of the company’s stock.

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.

5 Day Chart for NASDAQ:MRCY

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