Mercury Systems Inc (NASDAQ:MRCY) Director Vincent Vitto sold 8,500 shares of Mercury Systems stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $52.04, for a total transaction of $442,340.00. Following the transaction, the director now directly owns 79,539 shares of the company’s stock, valued at $4,139,209.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Mercury Systems Inc (NASDAQ MRCY) opened at $51.34 on Friday. Mercury Systems Inc has a twelve month low of $29.31 and a twelve month high of $54.49. The company has a market cap of $2,494.08, a PE ratio of 55.59, a PEG ratio of 4.30 and a beta of 0.23.

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

A number of research firms recently commented on MRCY. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, October 26th. Robert W. Baird boosted their price objective on shares of Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Finally, SunTrust Banks reissued a “buy” rating on shares of Mercury Systems in a research report on Friday, October 20th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $51.17.

Several large investors have recently bought and sold shares of MRCY. Vanguard Group Inc. raised its stake in shares of Mercury Systems by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after acquiring an additional 180,028 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Mercury Systems by 2.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,292,917 shares of the technology company’s stock worth $118,956,000 after acquiring an additional 62,496 shares in the last quarter. State Street Corp raised its stake in shares of Mercury Systems by 13.2% during the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock worth $70,906,000 after acquiring an additional 196,075 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Mercury Systems by 5.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock worth $54,453,000 after acquiring an additional 62,547 shares in the last quarter. Finally, Bamco Inc. NY raised its stake in shares of Mercury Systems by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock worth $63,605,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

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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)

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