KBC Group NV acquired a new stake in shares of Mercury Systems Inc (NASDAQ:MRCY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 33,199 shares of the technology company’s stock, valued at approximately $1,397,000. KBC Group NV owned 0.07% of Mercury Systems as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. US Bancorp DE raised its position in Mercury Systems by 909.6% in the first quarter. US Bancorp DE now owns 18,133 shares of the technology company’s stock valued at $708,000 after buying an additional 16,337 shares during the period. Flinton Capital Management LLC raised its position in Mercury Systems by 18.6% in the first quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock valued at $110,000 after buying an additional 442 shares during the period. First Trust Advisors LP raised its position in Mercury Systems by 182.2% in the first quarter. First Trust Advisors LP now owns 65,051 shares of the technology company’s stock valued at $2,540,000 after buying an additional 42,003 shares during the period. Great West Life Assurance Co. Can raised its position in Mercury Systems by 23.0% in the first quarter. Great West Life Assurance Co. Can now owns 66,215 shares of the technology company’s stock valued at $2,584,000 after buying an additional 12,368 shares during the period. Finally, Geneva Advisors LLC raised its position in Mercury Systems by 9.1% in the first quarter. Geneva Advisors LLC now owns 28,443 shares of the technology company’s stock valued at $1,111,000 after buying an additional 2,368 shares during the period. Institutional investors own 96.67% of the company’s stock.

Shares of Mercury Systems Inc (MRCY) opened at 47.84 on Thursday. Mercury Systems Inc has a 1-year low of $21.52 and a 1-year high of $49.24. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 82.48 and a beta of 0.39. The firm’s 50-day moving average is $44.88 and its 200-day moving average is $40.41.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The business had revenue of $115.60 million during the quarter, compared to analysts’ expectations of $115.11 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue was up 35.3% on a year-over-year basis. On average, analysts predict that Mercury Systems Inc will post $1.24 earnings per share for the current fiscal year.

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Several equities analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and set a $45.00 price objective on shares of Mercury Systems in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd. 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 investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Mercury Systems has a consensus rating of “Buy” and an average target price of $43.00.

In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.54, for a total value of $379,584.00. Following the completion of the sale, the insider now owns 547,849 shares of the company’s stock, valued at $21,661,949.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Charles A. Speicher sold 7,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 36,983 shares of the company’s stock, valued at approximately $1,630,580.47. The disclosure for this sale can be found here. Insiders sold 26,000 shares of company stock valued at $1,045,790 in the last three months. Insiders own 4.30% of the company’s stock.

Mercury Systems Company Profile

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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