Mercury Systems Inc (MRCY) Director Sells $442,340.00 in Stock
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.
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.
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