Mark Aslett Sells 30,000 Shares of Mercury Systems Inc (NASDAQ:MRCY) Stock

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Mercury Systems Inc (NASDAQ:MRCY) insider Mark Aslett sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $54.91, for a total transaction of $1,647,300.00. Following the completion of the sale, the insider now directly owns 427,440 shares in the company, valued at approximately $23,470,730.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mark Aslett also recently made the following trade(s):

  • On Thursday, September 27th, Mark Aslett sold 4,700 shares of Mercury Systems stock. The shares were sold at an average price of $55.11, for a total transaction of $259,017.00.

Shares of MRCY stock traded down $0.14 during trading hours on Friday, reaching $49.98. 485,657 shares of the company were exchanged, compared to its average volume of 482,539. Mercury Systems Inc has a fifty-two week low of $30.11 and a fifty-two week high of $57.26. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 3.81 and a beta of 0.52. The company has a current ratio of 4.63, a quick ratio of 3.11 and a debt-to-equity ratio of 0.25.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, July 31st. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05. Mercury Systems had a net margin of 8.29% and a return on equity of 7.47%. The company had revenue of $152.87 million for the quarter, compared to analyst estimates of $149.31 million. During the same period in the prior year, the business earned $0.32 earnings per share. Mercury Systems’s quarterly revenue was up 32.2% on a year-over-year basis. On average, equities research analysts forecast that Mercury Systems Inc will post 1.36 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in MRCY. Aperio Group LLC lifted its holdings in Mercury Systems by 13.2% in the second quarter. Aperio Group LLC now owns 11,868 shares of the technology company’s stock valued at $452,000 after buying an additional 1,382 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Mercury Systems by 16.7% in the first quarter. PNC Financial Services Group Inc. now owns 10,697 shares of the technology company’s stock valued at $517,000 after buying an additional 1,529 shares during the period. MetLife Investment Advisors LLC lifted its holdings in Mercury Systems by 7.9% in the second quarter. MetLife Investment Advisors LLC now owns 21,590 shares of the technology company’s stock valued at $822,000 after buying an additional 1,576 shares during the period. Prudential Financial Inc. lifted its holdings in Mercury Systems by 2.1% in the first quarter. Prudential Financial Inc. now owns 81,073 shares of the technology company’s stock valued at $3,917,000 after buying an additional 1,703 shares during the period. Finally, Swiss National Bank lifted its holdings in Mercury Systems by 2.2% in the first quarter. Swiss National Bank now owns 83,800 shares of the technology company’s stock valued at $4,049,000 after buying an additional 1,800 shares during the period. Institutional investors own 96.81% of the company’s stock.

A number of equities analysts have commented on MRCY shares. ValuEngine upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Canaccord Genuity started coverage on shares of Mercury Systems in a research report on Thursday, October 4th. They issued a “buy” rating and a $64.00 price target on the stock. BidaskClub upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Finally, Zacks Investment Research lowered shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Mercury Systems has a consensus rating of “Buy” and an average target price of $53.14.

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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