Atlantic Trust Group LLC decreased its position in Mercury Systems Inc (NASDAQ:MRCY) by 11.0% during the first quarter, HoldingsChannel.com reports. The firm owned 21,880 shares of the technology company’s stock after selling 2,695 shares during the quarter. Atlantic Trust Group LLC’s holdings in Mercury Systems were worth $1,057,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Flinton Capital Management LLC raised its position in Mercury Systems by 18.9% in the fourth quarter. Flinton Capital Management LLC now owns 7,684 shares of the technology company’s stock valued at $395,000 after purchasing an additional 1,224 shares during the period. Teachers Advisors LLC raised its position in Mercury Systems by 1.6% in the fourth quarter. Teachers Advisors LLC now owns 86,321 shares of the technology company’s stock valued at $4,433,000 after purchasing an additional 1,332 shares during the period. First Mercantile Trust Co. raised its position in Mercury Systems by 35.5% in the first quarter. First Mercantile Trust Co. now owns 5,721 shares of the technology company’s stock valued at $276,000 after purchasing an additional 1,498 shares during the period. PNC Financial Services Group Inc. raised its position in Mercury Systems by 16.7% in the first quarter. PNC Financial Services Group Inc. now owns 10,697 shares of the technology company’s stock valued at $517,000 after purchasing an additional 1,529 shares during the period. Finally, Rhumbline Advisers raised its position in Mercury Systems by 1.5% in the first quarter. Rhumbline Advisers now owns 112,035 shares of the technology company’s stock valued at $5,414,000 after purchasing an additional 1,656 shares during the period. 96.39% of the stock is currently owned by institutional investors.
In other news, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $48.01, for a total transaction of $168,035.00. Following the sale, the chief operating officer now owns 348,440 shares of the company’s stock, valued at $16,728,604.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Ruppert acquired 3,100 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were bought at an average cost of $32.66 per share, for a total transaction of $101,246.00. Following the transaction, the chief financial officer now directly owns 120,346 shares of the company’s stock, valued at approximately $3,930,500.36. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by corporate insiders.
Mercury Systems opened at $38.06 on Friday, MarketBeat.com reports. Mercury Systems Inc has a twelve month low of $30.11 and a twelve month high of $55.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.47 and a current ratio of 3.95. The firm has a market cap of $1.80 billion, a PE ratio of 40.06, a P/E/G ratio of 3.24 and a beta of 0.42.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, April 24th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). Mercury Systems had a return on equity of 6.83% and a net margin of 8.68%. The company had revenue of $116.30 million for the quarter, compared to analysts’ expectations of $128.45 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. analysts predict that Mercury Systems Inc will post 1.11 EPS for the current year.
A number of analysts have issued reports on the company. Zacks Investment Research lowered Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Mercury Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $44.00 target price on shares of Mercury Systems in a research report on Thursday, April 26th. Finally, Bank of America lowered Mercury Systems from a “buy” rating to an “underperform” rating and cut their target price for the company from $50.00 to $35.00 in a research report on Wednesday, April 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.33.
About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.
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