The Insider, Didier Thibaud Unloaded 3,500 Shares of Mercury Systems, Inc. (MRCY); Convergence Investment Partners Lowered Convergys (CVG) Stake

Convergence Investment Partners Llc decreased Convergys Corp (CVG) stake by 53.99% reported in 2017Q3 SEC filing. Convergence Investment Partners Llc sold 77,162 shares as Convergys Corp (CVG)’s stock declined 2.20%. The Convergence Investment Partners Llc holds 65,750 shares with $1.70 million value, down from 142,912 last quarter. Convergys Corp now has $2.08B valuation. The stock decreased 1.84% or $0.42 during the last trading session, reaching $22.46. About 570,500 shares traded. Convergys Corporation (NYSE:CVG) has declined 10.85% since February 5, 2017 and is downtrending. It has underperformed by 27.55% the S&P500.

It was revealed in a public form that was filled with the SEC that Didier Thibaud, who works for Mercury Systems Inc, and currently serves as EVP – COO completed an insider transaction on February 5, 2018. Didier unloaded 3,500 shares of the company based on a stock price of $48.0 U.S. Dollars for each one share. As revealed in the document available online, the full amount of the transaction was $168,000 U.S. Dollars. It seems he is very active lately as in the last month, he sold additional 3,500 shares of the company, worth $180,180 USD. Didier Thibaud presently holds 362,440 shares or 0.75% of Mercury Systems Inc’s market cap.

Among 9 analysts covering Mercury (NASDAQ:MRCY), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Mercury has $61.0 highest and $19.0 lowest target. $50’s average target is 10.06% above currents $45.43 stock price. Mercury had 22 analyst reports since August 25, 2015 according to SRatingsIntel. The stock has “Hold” rating by Noble Financial on Wednesday, January 24. The stock of Mercury Systems, Inc. (NASDAQ:MRCY) earned “Neutral” rating by Sidoti on Thursday, March 17. SunTrust maintained Mercury Systems, Inc. (NASDAQ:MRCY) on Wednesday, October 18 with “Buy” rating. The firm earned “Buy” rating on Wednesday, January 24 by Robert W. Baird. The stock of Mercury Systems, Inc. (NASDAQ:MRCY) has “Hold” rating given on Friday, October 6 by Jefferies. The firm has “Hold” rating by Jefferies given on Tuesday, September 5. The stock has “Buy” rating by SunTrust on Thursday, January 19. The rating was maintained by SunTrust on Monday, January 8 with “Buy”. The rating was maintained by Jefferies with “Hold” on Monday, January 8. The firm has “Buy” rating by Bank of America given on Tuesday, January 24.

Investors sentiment increased to 1.13 in 2017 Q3. Its up 0.12, from 1.01 in 2017Q2. It increased, as 13 investors sold Mercury Systems, Inc. shares while 67 reduced holdings. 33 funds opened positions while 57 raised stakes. 45.09 million shares or 0.45% less from 45.29 million shares in 2017Q2 were reported. Rhumbline Advisers holds 93,675 shares or 0.01% of its portfolio. Tiaa Cref Investment Mgmt Ltd Llc accumulated 123,572 shares. State Of Alaska Department Of Revenue holds 9,516 shares or 0.03% of its portfolio. Blair William & Il invested 0.07% in Mercury Systems, Inc. (NASDAQ:MRCY). First Trust Advisors Ltd Partnership stated it has 0.01% of its portfolio in Mercury Systems, Inc. (NASDAQ:MRCY). 2,318 were accumulated by Zurcher Kantonalbank (Zurich Cantonalbank). Ironwood Mngmt Limited Co holds 61,324 shares. Moreover, American International Group Inc has 0.01% invested in Mercury Systems, Inc. (NASDAQ:MRCY) for 37,265 shares. Arrowstreet Cap Partnership holds 16,300 shares or 0% of its portfolio. Brant Point Investment Mgmt Lc owns 71,000 shares for 0.38% of their portfolio. Principal Fin Gru invested in 0.02% or 390,191 shares. Gilder Gagnon Howe And Co Limited Liability has 0.76% invested in Mercury Systems, Inc. (NASDAQ:MRCY) for 1.04M shares. 887,056 were reported by Northern Trust Corporation. Bancshares Of Montreal Can stated it has 0% in Mercury Systems, Inc. (NASDAQ:MRCY). Ahl Ltd Liability Partnership stated it has 10,707 shares or 0.01% of all its holdings.

The stock decreased 2.62% or $1.22 during the last trading session, reaching $45.43. About 349,281 shares traded or 3.37% up from the average. Mercury Systems, Inc. (NASDAQ:MRCY) has risen 91.74% since February 5, 2017 and is uptrending. It has outperformed by 75.04% the S&P500.

Mercury Systems, Inc. provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company has market cap of $2.19 billion. The companyÂ’s products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. It has a 49.65 P/E ratio. The Company’s principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

Since August 7, 2017, it had 0 buys, and 8 sales for $2.18 million activity. 3,500 shares were sold by THIBAUD DIDIER M C, worth $178,745 on Tuesday, January 2. HAINES GERALD M II also sold $127,675 worth of Mercury Systems, Inc. (NASDAQ:MRCY) shares. The insider Speicher Charles A sold $308,630. The insider ASLETT MARK sold $454,272.

Among 7 analysts covering Convergys Corp (NYSE:CVG), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Convergys Corp had 15 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Convergys Corporation (NYSE:CVG) has “Sell” rating given on Friday, August 14 by Zacks. Citigroup maintained it with “Neutral” rating and $30 target in Wednesday, August 10 report. The firm has “Buy” rating given on Wednesday, January 6 by Sidoti. The rating was maintained by Citigroup with “Neutral” on Friday, November 10. SunTrust maintained it with “Hold” rating and $26.0 target in Monday, October 9 report. The stock has “Sell” rating by Zacks on Wednesday, August 26. The company was maintained on Thursday, January 25 by Robert W. Baird. The firm earned “Hold” rating on Wednesday, February 15 by SunTrust. The stock of Convergys Corporation (NYSE:CVG) has “Hold” rating given on Friday, September 15 by Robert W. Baird. The rating was downgraded by Sidoti on Monday, April 4 to “Neutral”.

Convergence Investment Partners Llc increased Gilead Sciences Inc (NASDAQ:GILD) stake by 38,172 shares to 94,032 valued at $7.62 million in 2017Q3. It also upped Lam Research Corp (NASDAQ:LRCX) stake by 2,112 shares and now owns 19,993 shares. Rpx Corp (NASDAQ:RPXC) was raised too.

Analysts await Convergys Corporation (NYSE:CVG) to report earnings on February, 28. They expect $0.45 earnings per share, down 4.26% or $0.02 from last year’s $0.47 per share. CVG’s profit will be $41.59M for 12.48 P/E if the $0.45 EPS becomes a reality. After $0.42 actual earnings per share reported by Convergys Corporation for the previous quarter, Wall Street now forecasts 7.14% EPS growth.