November 28, 2016 - By Vivian Park
VP – Controller – and CAO, Charles Speicher is the Mercury Systems Inc’s insider which sold shares of Mercury Systems Inc, 15,666 to be exact. The company’s shares were based on an average price-per-share of $30.9, with the insider sale transaction having a market value of $484,069 U.S Dollars. He owns 0.11% of the -company’s market cap or 43,983 shares. The selling was completed on 28/11/2016 and was disclosed inside a report at the (SEC)’s website.
Out of 5 analysts covering Mercury (NASDAQ:MRCY), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $30 is the highest target while $19.0 is the lowest. The $25.33 average target is -17.95% below today’s ($30.87) stock price. Mercury has been the topic of 5 analyst reports since August 25, 2015 according to StockzIntelligence Inc. Drexel Hamilton initiated Mercury Systems Inc (NASDAQ:MRCY) on Tuesday, August 25 with “Buy” rating. Citigroup initiated the stock with “Buy” rating in Friday, June 10 report. The company was initiated on Thursday, October 6 by Robert W. Baird. As per Thursday, March 17, the company rating was initiated by Sidoti.
Insitutional Activity: The institutional sentiment decreased to 1.16 in 2016 Q2. Its down 0.58, from 1.74 in 2016Q1. The ratio fall, as 15 funds sold all Mercury Systems Inc shares owned while 42 reduced positions. 30 funds bought stakes while 69 increased positions. They now own 36.25 million shares or 26.27% more from 28.71 million shares in 2016Q1.
Kbc Grp Inc Inc Nv holds 22,042 shares or 0.01% of its portfolio. California State Teachers Retirement Systems accumulated 0% or 81,708 shares. Bank & Trust Of Ny Mellon Corporation has 941,727 shares for 0.01% of their US portfolio. Ig Invest Mgmt Ltd accumulated 57,830 shares or 0.01% of the stock. Glenmede Trust Co Na last reported 25,091 shares in the company. Gamco Invsts Incorporated Et Al accumulated 0% or 15,600 shares. Blackrock accumulated 0% or 3,537 shares. The California-based Granite Inv Prns Limited has invested 1.23% in Mercury Systems Inc (NASDAQ:MRCY). Morgan Stanley reported 38,830 shares or 0% of all its holdings. Goldman Sachs Grp Inc owns 50,105 shares or 0% of their US portfolio. Tiaa Cref Invest Ltd Limited Liability Company holds 0% of its portfolio in Mercury Systems Inc (NASDAQ:MRCY) for 202,477 shares. Vanguard Gp accumulated 3.00M shares or 0% of the stock. Oberweis Asset Mngmt accumulated 8,300 shares or 0.06% of the stock. Elk Creek Partners Limited Liability Com last reported 0.51% of its portfolio in the stock. Nationwide Fund Advsrs reported 34,164 shares or 0% of all its holdings.
Insider Transactions: Since October 7, 2016, the stock had 0 insider buys, and 5 insider sales for $4.30 million net activity. 8,000 Mercury Systems Inc (NASDAQ:MRCY) shares with value of $194,160 were sold by Vitto Vincent. $262,284 worth of shares were sold by ASLETT MARK on Monday, October 31. BASS JAMES K also sold $218,300 worth of Mercury Systems Inc (NASDAQ:MRCY) shares.
About 25,553 shares traded hands. Mercury Systems Inc (NASDAQ:MRCY) has risen 52.39% since April 25, 2016 and is uptrending. It has outperformed by 46.38% the S&P500.
Mercury Systems, Inc. is a commercial well-known provider of secure processing subsystems designed and made in the United States. The company has a market cap of $1.27 billion. The Company’s solutions support a range of defense and intelligence programs. It has a 52.11 P/E ratio. The Company’s technologies include embedded processing modules and subsystems, radio frequency and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
According to Zacks Investment Research, “Mercury Systems, Inc. is a high-tech commercial provider of secure and sensor processing subsystems designed and made in the U.S.A. powering today’s critical defense and intelligence applications. Their products and solutions have been deployed in more than 300 programs with over 25 different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35 and Reaper. They operate across a broad spectrum of defense programs and deliver their solutions and services via two operating segments: Mercury Commercial Electronics and Mercury Defense Systems.”
Analysts await Mercury Systems Inc (NASDAQ:MRCY) to report earnings on January, 24. They expect $0.10 EPS, down 28.57% or $0.04 from last year’s $0.14 per share. MRCY’s profit will be $4.11M for 77.18 P/E if the $0.10 EPS becomes a reality. After $0.17 actual EPS reported by Mercury Systems Inc for the previous quarter, Wall Street now forecasts -41.18% negative EPS growth.
More important recent Mercury Systems Inc (NASDAQ:MRCY) news were published by: Equitiesfocus.com which released: “Mercury Systems Inc (NASDAQ:MRCY) Short-Term Price Target At $28.75” on November 27, 2016, also Globenewswire.com published article titled: “Mercury Systems to Report First Quarter Fiscal 2017 Financial Results on ..”, Streetinsider.com published: “Mercury Systems (MRCY) to Acquire CES in ~$38M Deal” on November 03, 2016. More interesting news about Mercury Systems Inc (NASDAQ:MRCY) was released by: Bizjournals.com and their article: “Defense tech company Mercury Systems moving headquarters” with publication date: January 06, 2016.
Mercury Systems, Inc., incorporated on July 14, 1981, is a commercial well-known provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. The Company’s technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components. In addition, the Company creates and manufactures RF and microwave components and subsystems to meet the needs of the electronic warfare (EW), signals intelligence (SIGINT) and other high bandwidth communications requirements and applications. The Firm also offers solutions in mission computing, safety-critical avionics and platform management.
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By Vivian Park