Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $48.00, for a total value of $168,000.00. Following the sale, the chief operating officer now owns 355,440 shares of the company’s stock, valued at approximately $17,061,120. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Mercury Systems Inc (NASDAQ:MRCY) opened at $49.73 on Friday. Mercury Systems Inc has a 52 week low of $36.09 and a 52 week high of $55.00. The stock has a market capitalization of $2,399.12, a PE ratio of 51.27, a price-to-earnings-growth ratio of 3.99 and a beta of 0.40.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The business had revenue of $117.90 million during the quarter, compared to analyst estimates of $114.89 million. During the same period in the previous year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. research analysts anticipate that Mercury Systems Inc will post 1.09 EPS for the current year.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its stake in shares of Mercury Systems by 14.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,648 shares of the technology company’s stock valued at $1,500,000 after purchasing an additional 4,440 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Mercury Systems in the 3rd quarter valued at about $647,000. Crossmark Global Holdings Inc. acquired a new position in shares of Mercury Systems in the 3rd quarter valued at about $835,000. Prudential Financial Inc. lifted its stake in shares of Mercury Systems by 1.9% in the 3rd quarter. Prudential Financial Inc. now owns 82,050 shares of the technology company’s stock valued at $4,257,000 after purchasing an additional 1,520 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Mercury Systems by 77.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 26,479 shares of the technology company’s stock valued at $1,374,000 after purchasing an additional 11,570 shares in the last quarter. 92.90% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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