Profund Advisors LLC raised its stake in Mercury Systems Inc (NASDAQ:MRCY) by 2.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,143 shares of the technology company’s stock after buying an additional 230 shares during the period. Profund Advisors LLC’s holdings in Mercury Systems were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in Mercury Systems by 18.2% in the fourth quarter. State Street Corp now owns 1,033,362 shares of the technology company’s stock valued at $31,222,000 after buying an additional 159,032 shares during the last quarter. Bamco Inc. NY boosted its position in shares of Mercury Systems by 13.3% in the third quarter. Bamco Inc. NY now owns 646,100 shares of the technology company’s stock valued at $15,875,000 after buying an additional 75,797 shares in the last quarter. Columbus Circle Investors boosted its position 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 valued at $16,588,000 after buying an additional 183,986 shares in the last quarter. Castleark Management LLC purchased a new position in shares of Mercury Systems during the fourth quarter valued at $10,240,000. Finally, Rainier Investment Management LLC boosted its position in shares of Mercury Systems by 11.8% in the third quarter. Rainier Investment Management LLC now owns 283,930 shares of the technology company’s stock valued at $6,976,000 after buying an additional 30,040 shares in the last quarter. 79.14% of the stock is owned by institutional investors.

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

Mercury Systems Inc (NASDAQ:MRCY) opened at 40.35 on Monday. The company has a 50 day moving average price of $39.33 and a 200-day moving average price of $35.28. Mercury Systems Inc has a 52-week low of $20.87 and a 52-week high of $41.49. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 69.69 and a beta of 0.50.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, April 25th. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Mercury Systems had a return on equity of 6.69% and a net margin of 6.53%. The business had revenue of $107.30 million during the quarter, compared to analysts’ expectations of $105.54 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. Equities research analysts anticipate that Mercury Systems Inc will post $1.10 EPS for the current year.

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Several research analysts recently weighed in on MRCY shares. Citigroup Inc raised their target price on Mercury Systems to $48.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Thursday, April 13th. Jefferies Group LLC reaffirmed a “hold” rating and set a $39.00 target price (up previously from $30.00) on shares of Mercury Systems in a research note on Saturday, April 29th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, April 27th. Finally, JPMorgan Chase & Co. started coverage on Mercury Systems in a research note on Thursday, March 9th. They set an “overweight” rating and a $48.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $41.67.

In related news, Director Michael A. Daniels acquired 2,683 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The stock was acquired at an average cost of $37.31 per share, with a total value of $100,102.73. Following the completion of the purchase, the director now directly owns 60,096 shares in the company, valued at $2,242,181.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $40.26, for a total value of $386,496.00. Following the sale, the insider now directly owns 557,449 shares of the company’s stock, valued at $22,442,896.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,400 shares of company stock valued at $2,717,292. 4.30% of the stock is owned by 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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