Shares of Mercury Systems Inc (NASDAQ:MRCY) shot up 7.6% during mid-day trading on Friday . The stock traded as high as $45.88 and last traded at $45.00. 966,861 shares traded hands during trading, an increase of 97% from the average session volume of 489,824 shares. The stock had previously closed at $41.82.
Several brokerages recently issued reports on MRCY. Citigroup reaffirmed a “buy” rating and set a $61.00 price objective on shares of Mercury Systems in a research note on Wednesday, January 24th. BidaskClub raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Zacks Investment Research cut shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 28th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, January 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $48.00 price objective on shares of Mercury Systems in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.71.
The firm has a market cap of $2,162.23, a P/E ratio of 49.08, a PEG ratio of 3.86 and a beta of 0.33.
In other Mercury Systems news, CFO Gerald M. Haines II sold 2,500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $51.62, for a total value of $129,050.00. Following the transaction, the chief financial officer now directly owns 215,760 shares in the company, valued at approximately $11,137,531.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.17, for a total transaction of $500,832.00. The disclosure for this sale can be found here. Insiders sold a total of 70,600 shares of company stock worth $3,558,499 over the last quarter. 3.50% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Centaurus Financial Inc. acquired a new position in Mercury Systems in the 4th quarter valued at about $427,000. Virtus Fund Advisers LLC boosted its holdings in Mercury Systems by 12.5% in the 4th quarter. Virtus Fund Advisers LLC now owns 10,626 shares of the technology company’s stock valued at $546,000 after purchasing an additional 1,178 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Mercury Systems by 6.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 28,509 shares of the technology company’s stock valued at $1,464,000 after purchasing an additional 1,696 shares during the last quarter. BlackRock Inc. boosted its holdings in Mercury Systems by 3.0% in the 4th quarter. BlackRock Inc. now owns 7,240,899 shares of the technology company’s stock valued at $371,819,000 after purchasing an additional 213,219 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Mercury Systems by 17.8% in the 4th quarter. Rhumbline Advisers now owns 110,379 shares of the technology company’s stock valued at $5,668,000 after purchasing an additional 16,704 shares during the last quarter. Institutional investors own 96.26% of the company’s stock.
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Mercury Systems Company Profile
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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