Eagle Asset Management Inc. decreased its stake in Mercury Systems Inc (NASDAQ:MRCY) by 20.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,524 shares of the technology company’s stock after selling 69,396 shares during the period. Eagle Asset Management Inc.’s holdings in Mercury Systems were worth $13,840,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in MRCY. Advisor Group Inc. grew its stake in shares of Mercury Systems by 97.8% in the third quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,264 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Mercury Systems in the fourth quarter worth $149,000. Ameritas Investment Partners Inc. lifted its position in Mercury Systems by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after purchasing an additional 195 shares during the period. Teacher Retirement System of Texas bought a new position in Mercury Systems in the third quarter worth $206,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in Mercury Systems in the third quarter worth $215,000. Institutional investors and hedge funds own 94.86% of the company’s stock.
Several brokerages recently commented on MRCY. Robert W. Baird raised their target price on Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. BidaskClub raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research cut Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $61.00 target price on shares of Mercury Systems in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $54.71.
In other Mercury Systems news, CEO Mark Aslett sold 4,800 shares of Mercury Systems stock in a transaction on Monday, December 11th. The stock was sold at an average price of $49.77, for a total transaction of $238,896.00. Following the completion of the transaction, the chief executive officer now directly owns 480,982 shares of the company’s stock, valued at $23,938,474.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vincent Vitto sold 8,500 shares of Mercury Systems stock in a transaction on Monday, December 4th. The shares were sold at an average price of $52.04, for a total value of $442,340.00. Following the transaction, the director now directly owns 79,539 shares of the company’s stock, valued at $4,139,209.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,100 shares of company stock valued at $3,330,747. Company insiders own 3.50% of the company’s stock.
Mercury Systems Inc (NASDAQ MRCY) opened at $45.31 on Wednesday. The company has a market capitalization of $2,212.41, a price-to-earnings ratio of 47.28, a P/E/G ratio of 3.68 and a beta of 0.33. Mercury Systems Inc has a 12-month low of $36.09 and a 12-month high of $55.00.
Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $117.90 million during the quarter, compared to the consensus estimate of $114.89 million. Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. equities analysts predict that Mercury Systems Inc will post 1.09 EPS for the current fiscal year.
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Mercury Systems 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.
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