Mercury Systems Inc (NASDAQ:MRCY) Shares Bought by US Bancorp DE
US Bancorp DE increased its position in Mercury Systems Inc (NASDAQ:MRCY) by 4.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,904 shares of the technology company’s stock after buying an additional 771 shares during the period. US Bancorp DE’s holdings in Mercury Systems were worth $796,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Beaumont Financial Partners LLC bought a new position in Mercury Systems during the first quarter worth approximately $234,000. Emerald Advisers Inc. PA boosted its position in Mercury Systems by 5.4% in the first quarter. Emerald Advisers Inc. PA now owns 816,870 shares of the technology company’s stock worth $31,899,000 after buying an additional 41,714 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in Mercury Systems by 4.8% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 603,823 shares of the technology company’s stock worth $23,579,000 after buying an additional 27,666 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Mercury Systems by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 107,282 shares of the technology company’s stock worth $4,190,000 after buying an additional 8,565 shares during the last quarter. Finally, Sawgrass Asset Management LLC bought a new position in Mercury Systems during the first quarter worth approximately $384,000. Hedge funds and other institutional investors own 98.66% of the company’s stock.
Shares of Mercury Systems Inc (NASDAQ:MRCY) traded up 3.02% on Friday, reaching $47.06. 462,573 shares of the company’s stock traded hands. The firm’s 50 day moving average is $43.54 and its 200 day moving average is $39.49. Mercury Systems Inc has a 52 week low of $21.52 and a 52 week high of $47.26. The firm has a market capitalization of $2.17 billion, a P/E ratio of 81.14 and a beta of 0.39.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. The company had revenue of $115.60 million for the quarter, compared to analyst estimates of $115.11 million. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The business’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 earned $0.23 earnings per share. Analysts expect that Mercury Systems Inc will post $1.24 earnings per share for the current fiscal year.
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A number of research firms have recently commented on MRCY. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price target on shares of Mercury Systems in a report on Wednesday, August 2nd. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $43.00.
In other Mercury Systems news, VP Charles A. Speicher sold 7,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $44.09, for a total transaction of $308,630.00. Following the sale, the vice president now directly owns 36,983 shares in the company, valued at $1,630,580.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Aslett sold 9,400 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $38.04, for a total transaction of $357,576.00. Following the sale, 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. Insiders have sold 35,600 shares of company stock worth $1,432,286 over the last quarter. Insiders own 4.30% of the company’s stock.
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.
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