Thomson Horstmann & Bryant Inc. Reduces Position in Mercury Systems Inc (MRCY)
Thomson Horstmann & Bryant Inc. cut its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 49.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,464 shares of the technology company’s stock after selling 163,441 shares during the period. Thomson Horstmann & Bryant Inc. owned about 0.40% of Mercury Systems worth $6,461,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Columbus Circle Investors raised its stake in shares of Mercury Systems by 76.4% in the first quarter. Columbus Circle Investors now owns 424,790 shares of the technology company’s stock worth $16,588,000 after buying an additional 183,986 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Mercury Systems by 18.2% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $761,000 after buying an additional 3,000 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Mercury Systems during the first quarter worth approximately $210,000. Thrivent Financial for Lutherans raised its stake in shares of Mercury Systems by 8.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,400 shares of the technology company’s stock worth $677,000 after buying an additional 1,770 shares during the period. Finally, Castleark Management LLC bought a new stake in Mercury Systems during the fourth quarter worth about $10,240,000. Institutional investors own 79.14% of the company’s stock.
Mercury Systems Inc (NASDAQ:MRCY) traded up 0.25% during mid-day trading on Friday, hitting $39.75. The company had a trading volume of 156,853 shares. The company’s 50 day moving average price is $38.62 and its 200-day moving average price is $32.57. Mercury Systems Inc has a 12-month low of $19.78 and a 12-month high of $40.86. The firm has a market capitalization of $1.63 billion, a PE ratio of 72.01 and a beta of 0.50.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Monday, January 23rd. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.19. Mercury Systems had a net margin of 6.53% and a return on equity of 6.69%. The business earned $98 million during the quarter, compared to analyst estimates of $93.21 million. During the same period in the previous year, the business earned $0.23 EPS. Mercury Systems’s revenue was up 62.3% compared to the same quarter last year. On average, analysts forecast that Mercury Systems Inc will post $0.60 EPS for the current fiscal year.
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A number of research firms recently issued reports on MRCY. Zacks Investment Research downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 15th. SunTrust Banks, Inc. began coverage on Mercury Systems in a research report on Thursday, January 19th. They issued a “buy” rating and a $36.00 target price on the stock. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $30.00 target price on shares of Mercury Systems in a research report on Monday, March 27th. Finally, Bank of America Corp raised Mercury Systems from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 24th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $40.00.
In related news, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $37.15, for a total value of $356,640.00. Following the completion of the transaction, the insider now directly owns 595,849 shares in the company, valued at approximately $22,135,790.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 38,400 shares of company stock valued at $1,414,944 over the last quarter. 4.30% of the stock is owned by company insiders.
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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