Mason Street Advisors LLC bought a new position in Mercury Systems Inc. (NASDAQ:MRCY) during the second quarter, Holdings Channel reports. The institutional investor bought 7,825 shares of the company’s stock, valued at approximately $195,000.
Several other hedge funds also recently modified their holdings of MRCY. PineBridge Investments L.P. increased its stake in shares of Mercury Systems by 30.9% in the second quarter. PineBridge Investments L.P. now owns 5,077 shares of the company’s stock worth $126,000 after buying an additional 1,197 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Mercury Systems by 29.7% in the second quarter. Teacher Retirement System of Texas now owns 5,533 shares of the company’s stock worth $138,000 after buying an additional 1,268 shares in the last quarter. Sei Investments Co. increased its position in shares of Mercury Systems by 36.6% in the second quarter. Sei Investments Co. now owns 5,966 shares of the company’s stock worth $148,000 after buying an additional 1,599 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Mercury Systems during the second quarter worth about $179,000. Finally, US Bancorp DE increased its position in shares of Mercury Systems by 229.4% in the second quarter. US Bancorp DE now owns 7,520 shares of the company’s stock worth $186,000 after buying an additional 5,237 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.
Mercury Systems Inc. (NASDAQ:MRCY) opened at 23.47 on Thursday. Mercury Systems Inc. has a 12 month low of $15.67 and a 12 month high of $26.37. The stock has a market capitalization of $947.25 million, a price-to-earnings ratio of 41.91 and a beta of 0.86. The company has a 50-day moving average price of $23.38 and a 200 day moving average price of $22.78.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.15. Mercury Systems had a return on equity of 6.47% and a net margin of 7.31%. The company had revenue of $85.40 million for the quarter, compared to analyst estimates of $69.51 million. During the same quarter in the previous year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts predict that Mercury Systems Inc. will post $0.73 earnings per share for the current year.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 19th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Wednesday, August 3rd. They noted that the move was a valuation call. Robert W. Baird started coverage on Mercury Systems in a report on Wednesday, October 5th. They set an “outperform” rating and a $30.00 target price for the company. Jefferies Group reissued a “hold” rating and set a $27.00 target price (up previously from $22.00) on shares of Mercury Systems in a report on Thursday, August 4th. Finally, Drexel Hamilton started coverage on Mercury Systems in a report on Thursday, August 25th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.50.
In other Mercury Systems news, Director Vincent Vitto sold 8,000 shares of Mercury Systems stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $24.27, for a total value of $194,160.00. Following the sale, the director now owns 61,893 shares of the company’s stock, valued at approximately $1,502,143.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by company insiders.
Mercury Systems Company Profile
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