EAM Investors LLC lessened its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 23.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,626 shares of the technology company’s stock after selling 18,306 shares during the quarter. EAM Investors LLC owned 0.13% of Mercury Systems worth $3,145,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Mercury Systems by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after buying an additional 180,028 shares during the period. Wells Fargo & Company MN raised its position in Mercury Systems by 323.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,230,421 shares of the technology company’s stock valued at $93,878,000 after purchasing an additional 1,703,774 shares during the last quarter. State Street Corp raised its position in Mercury Systems by 13.2% in the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock valued at $70,906,000 after purchasing an additional 196,075 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Mercury Systems by 5.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock valued at $54,453,000 after purchasing an additional 62,547 shares during the last quarter. Finally, Bamco Inc. NY raised its position in Mercury Systems by 0.8% in the 2nd quarter. Bamco Inc. NY now owns 1,126,000 shares of the technology company’s stock valued at $47,393,000 after purchasing an additional 9,000 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.
In other news, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $50.11, for a total value of $481,056.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $51.94, for a total value of $129,850.00. Following the completion of the sale, the chief financial officer now directly owns 220,760 shares of the company’s stock, valued at $11,466,274.40. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock valued at $2,007,945 over the last three months. Insiders own 3.50% of the company’s stock.
MRCY has been the subject of several research analyst reports. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, October 31st. Robert W. Baird reiterated a “buy” rating and issued a $48.00 price objective on shares of Mercury Systems in a research report on Tuesday, October 24th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Mercury Systems in a research report on Friday, October 20th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $51.17.
Shares of Mercury Systems Inc (NASDAQ:MRCY) traded up $0.41 on Tuesday, reaching $51.09. The company’s stock had a trading volume of 168,100 shares, compared to its average volume of 419,845. The company has a market cap of $2,570.00, a P/E ratio of 54.49, a price-to-earnings-growth ratio of 3.98 and a beta of 0.22. Mercury Systems Inc has a 52-week low of $29.11 and a 52-week high of $54.49.
Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The company had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The business’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. sell-side analysts expect that Mercury Systems Inc will post 1.08 earnings per share for the current fiscal year.
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About Mercury Systems
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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