Mercury Systems Inc. (NASDAQ:MRCY) VP Charles A. Speicher sold 15,666 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $30.90, for a total value of $484,079.40. Following the completion of the transaction, the vice president now directly owns 44,341 shares in the company, valued at approximately $1,370,136.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mercury Systems Inc. (NASDAQ:MRCY) traded down 1.25% during mid-day trading on Monday, hitting $30.85. The company had a trading volume of 42,382 shares. The firm’s 50 day moving average is $27.21 and its 200 day moving average is $24.33. Mercury Systems Inc. has a 52 week low of $15.67 and a 52 week high of $32.49. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 53.93 and a beta of 0.47.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, October 25th. The company reported $0.22 EPS for the quarter, beating 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 business had revenue of $87.65 million for the quarter, compared to the consensus estimate of $85.08 million. During the same period last year, the business posted $0.19 EPS. The company’s revenue was up 50.1% compared to the same quarter last year. On average, equities research analysts predict that Mercury Systems Inc. will post $0.50 EPS for the current year.

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A number of hedge funds have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of Mercury Systems by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 894,019 shares of the company’s stock valued at $18,149,000 after buying an additional 13,753 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Mercury Systems by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 59,230 shares of the company’s stock valued at $1,203,000 after buying an additional 23,576 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Mercury Systems by 154.9% in the second quarter. BNP Paribas Arbitrage SA now owns 12,456 shares of the company’s stock valued at $310,000 after buying an additional 7,570 shares in the last quarter. Capstone Asset Management Co. acquired a new stake in shares of Mercury Systems during the second quarter valued at approximately $296,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Mercury Systems during the second quarter valued at approximately $7,270,000. Institutional investors and hedge funds own 92.05% of the company’s stock.

Several research analysts have weighed in on the company. Bank of America Corp. assumed coverage on Mercury Systems in a research report on Friday, November 18th. They issued a “neutral” rating on the stock. Jefferies Group set a $27.00 target price on Mercury Systems and gave the company a “hold” rating in a research note on Tuesday, November 8th. Zacks Investment Research upgraded Mercury Systems from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research note on Friday, October 28th. Robert W. Baird began coverage on Mercury Systems in a research note on Wednesday, October 5th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Drexel Hamilton began coverage on Mercury Systems in a research note on Thursday, August 25th. They issued a “buy” rating on the stock. Five investment 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 a consensus rating of “Buy” and a consensus target price of $28.00.

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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