Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $51.62, for a total transaction of $129,050.00. Following the completion of the sale, the chief financial officer now directly owns 215,760 shares in the company, valued at $11,137,531.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Mercury Systems Inc (NASDAQ:MRCY) opened at $50.97 on Wednesday. The firm has a market cap of $2,453.56, a P/E ratio of 54.69, a P/E/G ratio of 4.23 and a beta of 0.23. Mercury Systems Inc has a one year low of $29.31 and a one year high of $54.49.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. The firm had revenue of $106.10 million for the quarter, compared to the consensus estimate of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The business’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. analysts predict that Mercury Systems Inc will post 1.08 EPS for the current fiscal year.

A number of brokerages recently weighed in on MRCY. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday. SunTrust Banks reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a research note on Monday, October 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a research note on Tuesday, October 24th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mercury Systems presently has an average rating of “Buy” and an average target price of $51.17.

Several hedge funds have recently bought and sold shares of MRCY. Teachers Advisors LLC raised its stake in shares of Mercury Systems by 26.2% during the first quarter. Teachers Advisors LLC now owns 80,884 shares of the technology company’s stock worth $3,159,000 after acquiring an additional 16,816 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Mercury Systems by 29.2% during the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after acquiring an additional 556 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Mercury Systems by 7.7% during the second quarter. LS Investment Advisors LLC now owns 5,169 shares of the technology company’s stock worth $218,000 after acquiring an additional 370 shares in the last quarter. Aperio Group LLC raised its stake in shares of Mercury Systems by 40.9% during the second quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock worth $345,000 after acquiring an additional 2,381 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Mercury Systems by 4.3% during the second quarter. US Bancorp DE now owns 18,904 shares of the technology company’s stock worth $796,000 after acquiring an additional 771 shares in the last quarter. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This article was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/06/gerald-m-haines-ii-sells-2500-shares-of-mercury-systems-inc-mrcy-stock-2.html.

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. 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)

Receive News & Stock Ratings for Mercury Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems Inc and related stocks with our FREE daily email newsletter.