Insider Selling: Mercury Systems Inc (NASDAQ:MRCY) CEO Sells 12,500 Shares of Stock

Mercury Systems Inc (NASDAQ:MRCY) CEO Mark Aslett sold 12,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $74.06, for a total transaction of $925,750.00.

Mark Aslett also recently made the following trade(s):

  • On Wednesday, October 9th, Mark Aslett sold 6,250 shares of Mercury Systems stock. The shares were sold at an average price of $73.53, for a total transaction of $459,562.50.
  • On Monday, September 16th, Mark Aslett sold 6,250 shares of Mercury Systems stock. The shares were sold at an average price of $83.27, for a total transaction of $520,437.50.

Mercury Systems stock opened at $74.06 on Tuesday. The firm has a 50 day moving average price of $73.49 and a 200-day moving average price of $74.97. The company has a market capitalization of $4.01 billion, a P/E ratio of 48.72, a P/E/G ratio of 3.45 and a beta of 1.01. Mercury Systems Inc has a twelve month low of $41.16 and a twelve month high of $89.44. The company has a quick ratio of 3.77, a current ratio of 5.35 and a debt-to-equity ratio of 0.04.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. The company had revenue of $177.30 million during the quarter, compared to the consensus estimate of $168.36 million. Mercury Systems had a net margin of 8.51% and a return on equity of 7.59%. Mercury Systems’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. Equities analysts expect that Mercury Systems Inc will post 1.76 EPS for the current fiscal year.

A number of research analysts have recently weighed in on MRCY shares. ValuEngine downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Goldman Sachs Group started coverage on shares of Mercury Systems in a research report on Friday, August 16th. They set a “neutral” rating and a $75.00 target price for the company. Bank of America raised shares of Mercury Systems from an “underperform” rating to a “neutral” rating and increased their target price for the company from $50.00 to $85.00 in a research report on Friday, August 9th. Finally, BidaskClub downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $73.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC boosted its holdings in Mercury Systems by 10.1% in the 2nd quarter. LS Investment Advisors LLC now owns 1,595 shares of the technology company’s stock worth $112,000 after buying an additional 146 shares during the period. Texas Permanent School Fund boosted its holdings in Mercury Systems by 0.5% in the 3rd quarter. Texas Permanent School Fund now owns 37,753 shares of the technology company’s stock worth $3,064,000 after buying an additional 189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Mercury Systems by 7.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,505 shares of the technology company’s stock worth $285,000 after buying an additional 240 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Mercury Systems by 1.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,706 shares of the technology company’s stock worth $1,527,000 after buying an additional 241 shares during the period. Finally, Profund Advisors LLC boosted its holdings in Mercury Systems by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 5,049 shares of the technology company’s stock worth $355,000 after buying an additional 248 shares during the period. 96.94% of the stock is owned by institutional investors.

About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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

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