State of Wisconsin Investment Board lowered its stake in Mercury Systems Inc (NASDAQ:MRCY) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 307,000 shares of the technology company’s stock after selling 8,400 shares during the quarter. State of Wisconsin Investment Board’s holdings in Mercury Systems were worth $15,764,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in MRCY. Westfield Capital Management Co. LP purchased a new stake in Mercury Systems in the 3rd quarter worth $14,576,000. State Street Corp lifted its stake in Mercury Systems by 13.2% in the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock worth $70,906,000 after purchasing an additional 196,075 shares in the last quarter. Bamco Inc. NY lifted its stake in Mercury Systems by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock worth $63,605,000 after purchasing an additional 100,000 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Mercury Systems by 360.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 86,657 shares of the technology company’s stock worth $4,496,000 after purchasing an additional 67,821 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Mercury Systems by 2.8% during the 3rd quarter. Wells Fargo & Company MN now owns 2,292,917 shares of the technology company’s stock valued at $118,956,000 after buying an additional 62,496 shares in the last quarter. Institutional investors and hedge funds own 94.86% of the company’s stock.
Shares of Mercury Systems Inc (NASDAQ:MRCY) opened at $46.33 on Friday. The stock has a market cap of $2,216.75, a PE ratio of 47.37, a PEG ratio of 3.69 and a beta of 0.33. Mercury Systems Inc has a 1 year low of $36.09 and a 1 year high of $55.00.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The business had revenue of $117.90 million for the quarter, compared to analysts’ expectations of $114.89 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. analysts forecast that Mercury Systems Inc will post 1.09 EPS for the current year.
In related news, insider Mark Aslett sold 9,600 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $52.17, for a total value of $500,832.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vincent Vitto sold 8,500 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $52.04, for a total transaction of $442,340.00. Following the completion of the sale, the director now directly owns 79,539 shares in the company, valued at $4,139,209.56. The disclosure for this sale can be found here. Insiders sold a total of 67,100 shares of company stock worth $3,330,747 over the last three months. 3.50% of the stock is currently owned by corporate insiders.
Several analysts have recently issued reports on MRCY shares. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, December 27th. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Thursday, October 26th. Bank of America decreased their target price on shares of Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. SunTrust Banks restated a “buy” rating and set a $61.00 target price on shares of Mercury Systems in a research report on Tuesday, January 9th. Finally, BidaskClub cut shares of Mercury Systems from a “sell” rating to a “strong sell” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Mercury Systems currently has a consensus rating of “Hold” and an average price target of $54.71.
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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