Sterling Capital Management LLC Has $1.83 Million Stake in Mercury Systems Inc (NASDAQ:MRCY)

Sterling Capital Management LLC decreased its stake in Mercury Systems Inc (NASDAQ:MRCY) by 17.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,577 shares of the technology company’s stock after selling 9,318 shares during the period. Sterling Capital Management LLC owned about 0.09% of Mercury Systems worth $1,834,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System increased its holdings in shares of Mercury Systems by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after buying an additional 100 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Mercury Systems by 8.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 29,020 shares of the technology company’s stock worth $1,221,000 after buying an additional 2,230 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Mercury Systems by 40.9% in the 2nd quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock worth $345,000 after buying an additional 2,381 shares during the last quarter. KBC Group NV bought a new position in shares of Mercury Systems in the 2nd quarter worth $1,397,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Mercury Systems by 21.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 194,791 shares of the technology company’s stock worth $7,607,000 after buying an additional 34,105 shares during the last quarter. 96.39% of the stock is currently owned by hedge funds and other institutional investors.

MRCY has been the topic of a number of research analyst reports. SunTrust Banks, Inc. reissued a “buy” rating and issued a $51.00 price target on shares of Mercury Systems in a report on Monday, October 2nd. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Wednesday, July 5th. Robert W. Baird reaffirmed a “buy” rating and set a $48.00 target price on shares of Mercury Systems in a report on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 target price on shares of Mercury Systems in a report on Friday, July 7th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $49.67.

In other news, CEO Mark Aslett sold 4,800 shares of Mercury Systems stock in a transaction on Monday, September 11th. The stock was sold at an average price of $47.42, for a total transaction of $227,616.00. Following the transaction, the chief executive officer now owns 519,382 shares in the company, valued at approximately $24,629,094.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Charles A. Speicher sold 7,000 shares of Mercury Systems stock in a transaction on Monday, August 7th. The stock was sold at an average price of $44.09, for a total value of $308,630.00. Following the transaction, the vice president now owns 36,983 shares in the company, valued at approximately $1,630,580.47. The disclosure for this sale can be found here. Insiders sold a total of 23,900 shares of company stock worth $1,120,368 in the last 90 days. 3.50% of the stock is currently owned by insiders.

Shares of Mercury Systems Inc (NASDAQ:MRCY) traded up 0.48% during midday trading on Friday, reaching $49.99. 254,719 shares of the company’s stock traded hands. The company has a 50-day moving average of $50.31 and a 200-day moving average of $44.10. Mercury Systems Inc has a one year low of $25.69 and a one year high of $54.49. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 86.19 and a beta of 0.41.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The company had revenue of $106.10 million for the quarter, compared to analyst estimates of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Equities research analysts anticipate that Mercury Systems Inc will post $1.34 EPS for the current year.

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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.

Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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