Charles A. Speicher Sells 15,666 Shares of Mercury Systems Inc. (MRCY) Stock
Mercury Systems Inc. (NASDAQ:MRCY) VP Charles A. Speicher sold 15,666 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $30.90, for a total value of $484,079.40. Following the transaction, the vice president now owns 44,341 shares in the company, valued at $1,370,136.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Mercury Systems Inc. (NASDAQ:MRCY) opened at 30.37 on Wednesday. The firm’s 50-day moving average price is $27.40 and its 200 day moving average price is $24.46. Mercury Systems Inc. has a 52 week low of $15.67 and a 52 week high of $32.49. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 53.09 and a beta of 0.47.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The firm earned $87.65 million during the quarter, compared to analysts’ expectations of $85.08 million. Mercury Systems had a return on equity of 6.43% and a net margin of 7.21%. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 earnings per share. On average, analysts anticipate that Mercury Systems Inc. will post $0.50 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. raised its position in Mercury Systems by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 894,019 shares of the company’s stock valued at $18,149,000 after buying an additional 13,753 shares during the period. Goldman Sachs Group Inc. raised its position in Mercury Systems by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 59,230 shares of the company’s stock valued at $1,203,000 after buying an additional 23,576 shares during the period. BNP Paribas Arbitrage SA raised its position in Mercury Systems by 154.9% in the second quarter. BNP Paribas Arbitrage SA now owns 12,456 shares of the company’s stock valued at $310,000 after buying an additional 7,570 shares during the period. Capstone Asset Management Co. bought a new position in Mercury Systems during the second quarter valued at $296,000. Finally, Eagle Asset Management Inc. bought a new position in Mercury Systems during the second quarter valued at $7,270,000. Institutional investors own 92.05% of the company’s stock.
Several equities analysts recently weighed in on the company. Bank of America Corp. assumed coverage on Mercury Systems in a research report on Friday, November 18th. They set a “neutral” rating on the stock. Jefferies Group set a $27.00 target price on Mercury Systems and gave the stock a “hold” rating in a research report on Tuesday, November 8th. Zacks Investment Research upgraded Mercury Systems from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research report on Friday, October 28th. Robert W. Baird assumed coverage on Mercury Systems in a research report on Wednesday, October 5th. They set an “outperform” rating and a $30.00 target price on the stock. Finally, Drexel Hamilton assumed coverage on Mercury Systems in a research report on Thursday, August 25th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Mercury Systems has an average rating of “Buy” and a consensus target price of $28.00.
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. The Company’s 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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