Stock Traders Buy High Volume of Mercury Systems Call Options (MRCY)

Mercury Systems Inc (NASDAQ:MRCY) was the target of some unusual options trading activity on Thursday. Stock investors purchased 1,995 call options on the company. This represents an increase of approximately 673% compared to the typical volume of 258 call options.

Shares of MRCY opened at $68.77 on Friday. The company has a current ratio of 4.53, a quick ratio of 3.13 and a debt-to-equity ratio of 0.34. Mercury Systems has a 12-month low of $35.57 and a 12-month high of $79.83. The firm has a market capitalization of $3.43 billion, a P/E ratio of 60.86, a PEG ratio of 4.06 and a beta of 1.10.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.04. Mercury Systems had a return on equity of 9.24% and a net margin of 6.99%. The business had revenue of $174.60 million for the quarter, compared to analysts’ expectations of $165.61 million. During the same period last year, the business earned $0.30 EPS. The business’s revenue was up 50.1% on a year-over-year basis. As a group, sell-side analysts forecast that Mercury Systems will post 1.52 earnings per share for the current fiscal year.

In other news, CEO Mark Aslett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $62.58, for a total transaction of $312,900.00. Following the completion of the sale, the chief executive officer now owns 367,440 shares of the company’s stock, valued at approximately $22,994,395.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Didier M. C. Thibaud sold 39,736 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $60.22, for a total transaction of $2,392,901.92. Following the sale, the chief operating officer now directly owns 298,940 shares of the company’s stock, valued at approximately $18,002,166.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,736 shares of company stock valued at $3,446,102. 2.80% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Norges Bank bought a new position in Mercury Systems during the 4th quarter valued at $22,017,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Mercury Systems during the 4th quarter worth $870,000. Emerald Mutual Fund Advisers Trust raised its stake in shares of Mercury Systems by 59.0% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 538,734 shares of the technology company’s stock worth $25,477,000 after purchasing an additional 199,820 shares during the period. Tibra Equities Europe Ltd raised its stake in shares of Mercury Systems by 178.0% during the 1st quarter. Tibra Equities Europe Ltd now owns 34,200 shares of the technology company’s stock worth $2,192,000 after purchasing an additional 21,900 shares during the period. Finally, Nomura Holdings Inc. raised its stake in shares of Mercury Systems by 786.6% during the 4th quarter. Nomura Holdings Inc. now owns 42,513 shares of the technology company’s stock worth $2,006,000 after purchasing an additional 37,718 shares during the period. Institutional investors and hedge funds own 96.84% of the company’s stock.

MRCY has been the subject of several recent analyst reports. SunTrust Banks raised their price objective on shares of Mercury Systems to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 7th. ValuEngine upgraded Mercury Systems from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Saturday, May 4th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $67.00 target price on shares of Mercury Systems in a report on Wednesday, January 30th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $72.50.

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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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