Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $51.94, for a total transaction of $129,850.00. Following the completion of the sale, the chief financial officer now directly owns 220,760 shares in the company, valued at $11,466,274.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mercury Systems Inc (NASDAQ:MRCY) opened at 52.96 on Thursday. The stock has a market capitalization of $2.55 billion, a P/E ratio of 91.31 and a beta of 0.41. Mercury Systems Inc has a 52-week low of $22.31 and a 52-week high of $52.96. The company has a 50 day moving average of $48.35 and a 200-day moving average of $42.65.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. The business had revenue of $115.60 million for the quarter, compared to analysts’ expectations of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. Equities research analysts anticipate that Mercury Systems Inc will post $1.24 EPS for the current year.

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A number of equities research analysts have commented on MRCY shares. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Wednesday, July 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a research report on Monday. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 target price on shares of Mercury Systems in a research report on Wednesday, August 2nd. Finally, BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.50.

A number of hedge funds have recently added to or reduced their stakes in MRCY. Russell Investments Group Ltd. lifted its position in Mercury Systems by 8.7% in the 1st quarter. Russell Investments Group Ltd. now owns 107,282 shares of the technology company’s stock valued at $4,190,000 after acquiring an additional 8,565 shares in the last quarter. First Trust Advisors LP lifted its position in Mercury Systems by 182.2% in the 1st quarter. First Trust Advisors LP now owns 65,051 shares of the technology company’s stock valued at $2,540,000 after acquiring an additional 42,003 shares in the last quarter. US Bancorp DE lifted its position in Mercury Systems by 909.6% in the 1st quarter. US Bancorp DE now owns 18,133 shares of the technology company’s stock valued at $708,000 after acquiring an additional 16,337 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Mercury Systems by 28.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,810 shares of the technology company’s stock valued at $383,000 after acquiring an additional 2,164 shares in the last quarter. Finally, Comerica Bank lifted its position in Mercury Systems by 20.2% in the 1st quarter. Comerica Bank now owns 54,496 shares of the technology company’s stock valued at $2,034,000 after acquiring an additional 9,176 shares in the last quarter. 96.43% of the stock is currently 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. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

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