Blair William & Co. IL reduced its stake in Mercury Systems Inc (NASDAQ:MRCY - Free Report) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,047 shares of the technology company's stock after selling 7,121 shares during the period. Blair William & Co. IL owned 0.21% of Mercury Systems worth $6,735,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MetLife Investment Management LLC boosted its stake in Mercury Systems by 1,479.5% in the first quarter. MetLife Investment Management LLC now owns 492,638 shares of the technology company's stock valued at $21,228,000 after acquiring an additional 461,449 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Mercury Systems by 51.6% during the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company's stock worth $36,861,000 after purchasing an additional 290,989 shares during the last quarter. Nuveen LLC purchased a new position in Mercury Systems in the first quarter valued at $8,751,000. Conestoga Capital Advisors LLC increased its holdings in Mercury Systems by 8.9% in the first quarter. Conestoga Capital Advisors LLC now owns 2,258,186 shares of the technology company's stock valued at $97,305,000 after buying an additional 185,369 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Mercury Systems by 52.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 266,901 shares of the technology company's stock valued at $11,501,000 after buying an additional 91,930 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.
Mercury Systems Stock Performance
Shares of NASDAQ MRCY opened at $73.58 on Friday. Mercury Systems Inc has a 12 month low of $32.32 and a 12 month high of $85.33. The company has a 50-day simple moving average of $70.17 and a 200-day simple moving average of $56.49. The company has a market cap of $4.42 billion, a PE ratio of -111.48, a price-to-earnings-growth ratio of 3.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41.
Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.64 earnings per share (EPS) for the quarter. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. The firm had revenue of $256.86 million for the quarter. On average, equities analysts anticipate that Mercury Systems Inc will post -0.08 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Stuart Kupinsky sold 1,220 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total value of $78,641.20. Following the transaction, the executive vice president owned 70,297 shares in the company, valued at approximately $4,531,344.62. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven Ratner sold 7,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $63.76, for a total value of $446,320.00. Following the transaction, the executive vice president owned 33,801 shares in the company, valued at approximately $2,155,151.76. This trade represents a 17.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 848,980 shares of company stock worth $55,529,247 in the last ninety days. Insiders own 1.40% of the company's stock.
Analysts Set New Price Targets
MRCY has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Mercury Systems from $56.00 to $68.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Mercury Systems in a report on Wednesday. Royal Bank Of Canada upgraded shares of Mercury Systems from a "hold" rating to a "moderate buy" rating in a report on Wednesday, October 1st. Wall Street Zen lowered shares of Mercury Systems from a "buy" rating to a "hold" rating in a report on Saturday. Finally, UBS Group set a $88.00 target price on shares of Mercury Systems in a report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Mercury Systems presently has an average rating of "Moderate Buy" and an average target price of $70.67.
View Our Latest Research Report on MRCY
Mercury Systems Profile
(
Free Report)
Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.
Further Reading
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