Mercury Systems Inc (NASDAQ:MRCY) Director James Bass Sells 5,250 Shares

Mercury Systems Inc (NASDAQ:MRCY) Director James Bass sold 5,250 shares of Mercury Systems stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $84.85, for a total transaction of $445,462.50. Following the completion of the sale, the director now directly owns 60,205 shares in the company, valued at approximately $5,108,394.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Bass also recently made the following trade(s):

  • On Monday, August 26th, James Bass sold 5,164 shares of Mercury Systems stock. The shares were sold at an average price of $85.14, for a total value of $439,662.96.

NASDAQ MRCY traded up $0.73 on Friday, reaching $82.08. The stock had a trading volume of 10,801 shares, compared to its average volume of 351,408. Mercury Systems Inc has a 12-month low of $41.16 and a 12-month high of $89.44. The business’s 50-day moving average price is $81.68 and its 200 day moving average price is $71.33. The stock has a market cap of $4.26 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 3.84 and a beta of 1.11.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.11. Mercury Systems had a return on equity of 8.11% and a net margin of 7.14%. The business had revenue of $176.96 million during the quarter, compared to analysts’ expectations of $171.98 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities research analysts anticipate that Mercury Systems Inc will post 1.72 EPS for the current year.

A number of hedge funds have recently made changes to their positions in MRCY. LS Investment Advisors LLC grew its holdings in Mercury Systems by 10.1% in the second quarter. LS Investment Advisors LLC now owns 1,595 shares of the technology company’s stock valued at $112,000 after purchasing an additional 146 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Mercury Systems by 1.1% during the second 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. Profund Advisors LLC lifted its position in Mercury Systems by 5.2% during the second 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. Crossmark Global Holdings Inc. lifted its position in Mercury Systems by 6.9% during the second quarter. Crossmark Global Holdings Inc. now owns 4,990 shares of the technology company’s stock worth $351,000 after buying an additional 320 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mercury Systems by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,265 shares of the technology company’s stock worth $230,000 after buying an additional 332 shares during the period. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on the company. Goldman Sachs Group started coverage on Mercury Systems in a report on Friday, August 16th. They set a “neutral” rating and a $75.00 price target on the stock. Bank of America raised Mercury Systems from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $50.00 to $85.00 in a research report on Friday, August 9th. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, BidaskClub downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.50.

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. 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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