Bank of Montreal Can lifted its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 29.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,459 shares of the technology company’s stock after acquiring an additional 556 shares during the period. Bank of Montreal Can’s holdings in Mercury Systems were worth $104,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Mercury Systems by 9.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 12,700 shares of the technology company’s stock valued at $496,000 after acquiring an additional 1,100 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Mercury Systems by 920.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,231,176 shares of the technology company’s stock worth $48,077,000 after purchasing an additional 1,110,474 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in Mercury Systems by 25.0% in the first quarter. Driehaus Capital Management LLC now owns 397,365 shares of the technology company’s stock worth $15,517,000 after purchasing an additional 79,573 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Mercury Systems by 15.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 32,128 shares of the technology company’s stock worth $1,255,000 after purchasing an additional 4,371 shares during the last quarter. Finally, State Street Corp lifted its stake in Mercury Systems by 44.0% in the first quarter. State Street Corp now owns 1,488,490 shares of the technology company’s stock worth $58,127,000 after purchasing an additional 455,128 shares during the last quarter. 96.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Mercury Systems Inc (MRCY) traded down 0.55% during mid-day trading on Tuesday, reaching $47.21. 76,996 shares of the company’s stock traded hands. The company’s 50-day moving average price is $46.00 and its 200-day moving average price is $41.26. Mercury Systems Inc has a 12-month low of $21.52 and a 12-month high of $49.24. The stock has a market capitalization of $2.27 billion, a PE ratio of 81.40 and a beta of 0.42.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The business had revenue of $115.60 million during the quarter, compared to analysts’ expectations of $115.11 million. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. Analysts anticipate that Mercury Systems Inc will post $1.24 earnings per share for the current year.
In other news, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the transaction, the vice president now directly owns 36,983 shares in the company, valued at approximately $1,630,580.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark Aslett sold 9,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $38.04, for a total transaction of $357,576.00. Following the completion of the transaction, the insider now owns 538,249 shares in the company, valued at $20,474,991.96. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
Several brokerages have issued reports on MRCY. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $43.00.
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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.
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