Nationwide Fund Advisors increased its position in Mercury Systems Inc (NASDAQ:MRCY) by 189.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,946 shares of the technology company’s stock after purchasing an additional 183,994 shares during the period. Nationwide Fund Advisors owned approximately 0.61% of Mercury Systems worth $11,825,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of MRCY. Bank of Montreal Can lifted its holdings in shares of Mercury Systems by 29.2% in the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after purchasing an additional 556 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Mercury Systems in the 1st quarter worth $116,000. Ameritas Investment Partners Inc. bought a new position in shares of Mercury Systems in the 1st quarter worth $153,000. LS Investment Advisors LLC lifted its holdings in shares of Mercury Systems by 219.1% in the 1st quarter. LS Investment Advisors LLC now owns 4,799 shares of the technology company’s stock worth $187,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Westpac Banking Corp bought a new position in shares of Mercury Systems in the 1st quarter worth $199,000. Institutional investors own 96.43% of the company’s stock.
In other Mercury Systems news, VP Charles A. Speicher sold 7,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $44.09, for a total value of $308,630.00. Following the sale, the vice president now directly owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark Aslett sold 4,800 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $47.42, for a total value of $227,616.00. Following the completion of the sale, the chief executive officer now directly owns 519,382 shares in the company, valued at $24,629,094.44. The disclosure for this sale can be found here. Insiders sold 21,400 shares of company stock worth $990,518 over the last three months. Corporate insiders own 3.50% of the company’s stock.
Mercury Systems Inc (NASDAQ MRCY) opened at 49.80 on Monday. The firm’s 50-day moving average price is $46.64 and its 200 day moving average price is $41.72. The company has a market capitalization of $2.40 billion, a PE ratio of 85.86 and a beta of 0.42. Mercury Systems Inc has a 52 week low of $22.31 and a 52 week high of $49.97.
Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The business had revenue of $115.60 million for the quarter, compared to the consensus estimate of $115.11 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. Equities research analysts expect that Mercury Systems Inc will post $1.24 earnings per share for the current fiscal year.
Several brokerages have weighed in on MRCY. Zacks Investment Research cut Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Jefferies Group LLC restated a “hold” rating and set a $43.00 price objective on shares of Mercury Systems in a research note on Wednesday, May 31st. Finally, Noble Financial restated a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mercury Systems has an average rating of “Buy” and a consensus price target of $43.00.
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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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