Didier M. C. Thibaud Sells 3,500 Shares of Mercury Systems Inc (MRCY) Stock
Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $49.52, for a total value of $173,320.00. Following the completion of the transaction, the chief operating officer now directly owns 379,940 shares in the company, valued at approximately $18,814,628.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mercury Systems Inc (NASDAQ:MRCY) traded down $0.55 during mid-day trading on Friday, reaching $50.68. The company’s stock had a trading volume of 277,865 shares, compared to its average volume of 310,541. Mercury Systems Inc has a 52 week low of $29.11 and a 52 week high of $54.49. The company has a market capitalization of $2,440.00, a P/E ratio of 53.49, a price-to-earnings-growth ratio of 3.91 and a beta of 0.22.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The firm had revenue of $106.10 million for the quarter, compared to the consensus estimate of $105.18 million. During the same quarter last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 21.1% compared to the same quarter last year. equities analysts predict that Mercury Systems Inc will post 1.08 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This report was originally published by Daily Political and is the property of of Daily Political. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2017/11/18/didier-m-c-thibaud-sells-3500-shares-of-mercury-systems-inc-mrcy-stock.html.
Several hedge funds and other institutional investors have recently bought and sold shares of MRCY. Bank of Montreal Can raised its stake in shares of Mercury Systems by 29.2% in the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after buying an additional 556 shares during the period. Advisor Group Inc. raised its stake in shares of Mercury Systems by 97.8% in the third quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after buying an additional 1,264 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Mercury Systems by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after buying an additional 195 shares during the period. Shelton Capital Management bought a new position in shares of Mercury Systems in the second quarter worth about $200,000. Finally, Flinton Capital Management LLC raised its stake in shares of Mercury Systems by 72.3% in the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock worth $205,000 after buying an additional 2,040 shares during the period. 95.62% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a report on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 target price on shares of Mercury Systems in a report on Wednesday, August 2nd. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Finally, Robert W. Baird reissued a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $51.17.
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.
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.