Mercury Systems, Inc. (NASDAQ:MRCY – Get Free Report) Director Debora A. Plunkett sold 1,843 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $38.07, for a total transaction of $70,163.01. Following the completion of the sale, the director now directly owns 11,339 shares in the company, valued at approximately $431,675.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mercury Systems Stock Performance
Shares of MRCY opened at $38.02 on Friday. Mercury Systems, Inc. has a 12-month low of $25.31 and a 12-month high of $42.72. The company has a current ratio of 4.07, a quick ratio of 2.64 and a debt-to-equity ratio of 0.40. The company has a market cap of $2.26 billion, a PE ratio of -16.18 and a beta of 0.69. The stock has a 50-day moving average price of $35.45 and a 200-day moving average price of $31.35.
Mercury Systems (NASDAQ:MRCY – Get Free Report) last announced its earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The business had revenue of $248.56 million during the quarter, compared to analyst estimates of $223.80 million. As a group, equities analysts forecast that Mercury Systems, Inc. will post -0.52 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Analysis on MRCY
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Mercury Systems during the 4th quarter valued at about $13,294,000. Dimensional Fund Advisors LP grew its position in Mercury Systems by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,974,504 shares of the technology company’s stock valued at $72,208,000 after acquiring an additional 325,549 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Mercury Systems by 14.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,554,166 shares of the technology company’s stock worth $45,848,000 after acquiring an additional 199,600 shares during the last quarter. Roubaix Capital LLC purchased a new stake in shares of Mercury Systems in the 2nd quarter valued at $3,684,000. Finally, Jane Street Group LLC grew its holdings in shares of Mercury Systems by 102.6% during the 1st quarter. Jane Street Group LLC now owns 257,514 shares of the technology company’s stock valued at $7,597,000 after purchasing an additional 130,396 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.
Mercury Systems Company Profile
Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.
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