Mercury Systems Inc (NASDAQ:MRCY) VP Charles A. Speicher sold 7,000 shares of Mercury Systems stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the sale, the vice president now directly owns 36,983 shares in the company, valued at $1,630,580.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $115.60 million for the quarter, compared to analysts’ expectations of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. During the same quarter in the prior year, the firm earned $0.23 EPS. Mercury Systems’s quarterly revenue was up 35.3% on a year-over-year basis.

COPYRIGHT VIOLATION WARNING: “Charles A. Speicher Sells 7,000 Shares of Mercury Systems Inc (NASDAQ:MRCY) Stock” was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/09/charles-a-speicher-sells-7000-shares-of-mercury-systems-inc-nasdaqmrcy-stock.html.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Mercury Systems by 242,823.0% in the first quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock valued at $259,540,000 after buying an additional 6,643,636 shares during the period. Vanguard Group Inc. boosted its stake in Mercury Systems by 21.6% in the first quarter. Vanguard Group Inc. now owns 3,938,032 shares of the technology company’s stock valued at $153,780,000 after buying an additional 700,484 shares during the period. Bank of New York Mellon Corp boosted its stake in Mercury Systems by 22.9% in the first quarter. Bank of New York Mellon Corp now owns 1,573,345 shares of the technology company’s stock valued at $61,439,000 after buying an additional 292,704 shares during the period. State Street Corp boosted its stake in Mercury Systems by 44.0% in the first quarter. State Street Corp now owns 1,488,490 shares of the technology company’s stock valued at $58,127,000 after buying an additional 455,128 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Mercury Systems by 920.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,231,176 shares of the technology company’s stock valued at $48,077,000 after buying an additional 1,110,474 shares during the period. Institutional investors and hedge funds own 98.66% of the company’s stock.

MRCY has been the topic of a number of research analyst reports. Zacks Investment Research lowered Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, April 27th. BidaskClub raised Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price target on shares of Mercury Systems in a research note on Wednesday, May 31st. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $43.00.

About Mercury Systems

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.