Sei Investments Co. lowered its position in Mercury Systems Inc (NASDAQ:MRCY) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,635 shares of the technology company’s stock after selling 2,417 shares during the period. Sei Investments Co. owned about 0.08% of Mercury Systems worth $1,710,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MRCY. Texas Permanent School Fund raised its stake in Mercury Systems by 0.9% in the second quarter. Texas Permanent School Fund now owns 35,040 shares of the technology company’s stock worth $1,475,000 after buying an additional 328 shares during the last quarter. Lebenthal Lisanti Capital Growth LLC raised its stake in Mercury Systems by 30.0% in the second quarter. Lebenthal Lisanti Capital Growth LLC now owns 25,050 shares of the technology company’s stock worth $1,054,000 after buying an additional 5,785 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Mercury Systems by 2.4% in the second quarter. Great West Life Assurance Co. Can now owns 67,815 shares of the technology company’s stock worth $2,852,000 after buying an additional 1,600 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Mercury Systems by 5.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,320 shares of the technology company’s stock worth $476,000 after buying an additional 610 shares during the last quarter. Finally, Parametrica Management Ltd raised its stake in Mercury Systems by 16.7% in the second quarter. Parametrica Management Ltd now owns 6,276 shares of the technology company’s stock worth $264,000 after buying an additional 898 shares during the last quarter. 96.67% of the stock is currently owned by hedge funds and other institutional investors.

Mercury Systems Inc (MRCY) opened at 46.90 on Monday. The stock has a 50 day moving average of $44.88 and a 200-day moving average of $40.41. Mercury Systems Inc has a 12 month low of $21.52 and a 12 month high of $48.17. The firm has a market cap of $2.26 billion, a P/E ratio of 80.86 and a beta of 0.39.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $115.60 million for the quarter, compared to the consensus estimate of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. Mercury Systems’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. Equities research analysts predict that Mercury Systems Inc will post $1.24 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $45.00 price target on shares of Mercury Systems in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.00.

In other Mercury Systems news, insider Mark Aslett sold 9,400 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $38.04, for a total value of $357,576.00. Following the transaction, the insider now owns 538,249 shares of the company’s stock, valued at approximately $20,474,991.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the transaction, the vice president now directly owns 36,983 shares in the company, valued at approximately $1,630,580.47. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $1,045,790 in the last ninety days. 4.30% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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