Piedmont Investment Advisors LLC Purchases New Holdings in Mercury Systems Inc (MRCY)

Piedmont Investment Advisors LLC purchased a new stake in Mercury Systems Inc (NASDAQ:MRCY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,377 shares of the technology company’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Mercury Systems by 242,823.0% in the 1st quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock valued at $259,540,000 after buying an additional 6,643,636 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Mercury Systems by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock valued at $173,329,000 after buying an additional 180,028 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Mercury Systems by 323.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,230,421 shares of the technology company’s stock valued at $93,878,000 after buying an additional 1,703,774 shares during the period. State Street Corp lifted its holdings in shares of Mercury Systems by 13.2% in the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock valued at $70,906,000 after buying an additional 196,075 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Mercury Systems by 5.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock valued at $54,453,000 after buying an additional 62,547 shares during the period. 96.43% of the stock is owned by institutional investors and hedge funds.

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In other Mercury Systems news, CFO Gerald M. Haines II sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $51.94, for a total value of $129,850.00. Following the completion of the sale, the chief financial officer now directly owns 220,760 shares in the company, valued at $11,466,274.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The disclosure for this sale can be found here. Insiders sold 23,900 shares of company stock valued at $1,120,368 over the last 90 days. 3.50% of the stock is currently owned by insiders.

Several research firms have recently commented on MRCY. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mercury Systems in a research note on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research note on Wednesday, August 2nd. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. Finally, BidaskClub raised 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 issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $45.50.

Mercury Systems Inc (NASDAQ MRCY) opened at 51.63 on Friday. The stock has a market capitalization of $2.48 billion, a P/E ratio of 89.02 and a beta of 0.41. Mercury Systems Inc has a 1-year low of $22.31 and a 1-year high of $53.56. The company has a 50-day moving average price of $49.97 and a 200 day moving average price of $43.66.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per sha

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Mercury Systems by 242,823.0% in the 1st quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock valued at $259,540,000 after buying an additional 6,643,636 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Mercury Systems by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock valued at $173,329,000 after buying an additional 180,028 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Mercury Systems by 323.5% in the 2nd quarter. Wells Fargo & Company MN now owns 2,230,421 shares of the technology company’s stock valued at $93,878,000 after buying an additional 1,703,774 shares during the period. State Street Corp lifted its holdings in shares of Mercury Systems by 13.2% in the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock valued at $70,906,000 after buying an additional 196,075 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Mercury Systems by 5.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock valued at $54,453,000 after buying an additional 62,547 shares during the period. 96.43% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Piedmont Investment Advisors LLC Purchases New Holdings in Mercury Systems Inc (MRCY)” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/piedmont-investment-advisors-llc-purchases-new-holdings-in-mercury-systems-inc-mrcy.html.

In other Mercury Systems news, CFO Gerald M. Haines II sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $51.94, for a total value of $129,850.00. Following the completion of the sale, the chief financial officer now directly owns 220,760 shares in the company, valued at $11,466,274.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The disclosure for this sale can be found here. Insiders sold 23,900 shares of company stock valued at $1,120,368 over the last 90 days. 3.50% of the stock is currently owned by insiders.

Several research firms have recently commented on MRCY. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mercury Systems in a research note on Monday, October 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research note on Wednesday, August 2nd. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. Finally, BidaskClub raised 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 issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $45.50.

Mercury Systems Inc (NASDAQ MRCY) opened at 51.63 on Friday. The stock has a market capitalization of $2.48 billion, a P/E ratio of 89.02 and a beta of 0.41. Mercury Systems Inc has a 1-year low of $22.31 and a 1-year high of $53.56. The company has a 50-day moving average price of $49.97 and a 200 day moving average price of $43.66.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The firm had revenue of $115.60 million during the quarter, compared to the consensus estimate of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts predict that Mercury Systems Inc will post $1.24 EPS for the current year.

About Mercury Systems

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.

Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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