Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $49.66, for a total value of $173,810.00. Following the completion of the transaction, the chief operating officer now owns 331,669 shares in the company, valued at approximately $16,470,682.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:MRCY traded up $0.41 during trading hours on Friday, hitting $50.01. The company’s stock had a trading volume of 22,367 shares, compared to its average volume of 511,518. The firm has a market capitalization of $2.39 billion, a PE ratio of 43.45, a price-to-earnings-growth ratio of 3.42 and a beta of 0.50. The company has a quick ratio of 3.11, a current ratio of 4.63 and a debt-to-equity ratio of 0.25. Mercury Systems Inc has a twelve month low of $30.11 and a twelve month high of $55.00.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. The business had revenue of $152.87 million for the quarter, compared to analyst estimates of $149.31 million. Mercury Systems had a return on equity of 7.47% and a net margin of 8.29%. Mercury Systems’s revenue was up 32.2% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. analysts anticipate that Mercury Systems Inc will post 1.36 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new stake in shares of Mercury Systems during the second quarter valued at about $100,000. Engineers Gate Manager LP acquired a new stake in shares of Mercury Systems during the second quarter valued at about $206,000. Miles Capital Inc. acquired a new stake in shares of Mercury Systems during the first quarter valued at about $237,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Mercury Systems during the first quarter valued at about $264,000. Finally, First Mercantile Trust Co. boosted its stake in shares of Mercury Systems by 35.5% during the first quarter. First Mercantile Trust Co. now owns 5,721 shares of the technology company’s stock valued at $276,000 after purchasing an additional 1,498 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on MRCY shares. Zacks Investment Research lowered Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Bank of America lowered Mercury Systems from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $50.00 to $35.00 in a research note on Wednesday, April 25th. ValuEngine raised Mercury Systems from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. BidaskClub raised Mercury Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Mercury Systems in a research note on Thursday, April 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $51.33.

Mercury Systems Company Profile

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

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