State Board of Administration of Florida Retirement System held its position in Mercury Systems Inc (NASDAQ:MRCY) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,341 shares of the technology company’s stock at the end of the 2nd quarter. State Board of Administration of Florida Retirement System owned 0.07% of Mercury Systems worth $1,319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its position in shares of Mercury Systems by 0.4% during the second quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 100 shares during the period. Wrapmanager Inc. grew its holdings in shares of Mercury Systems by 3.5% during the second quarter. Wrapmanager Inc. now owns 6,126 shares of the technology company’s stock worth $258,000 after buying an additional 205 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Mercury Systems by 2.9% during the first quarter. Profund Advisors LLC now owns 8,143 shares of the technology company’s stock worth $318,000 after buying an additional 230 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Mercury Systems by 0.9% during 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 in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in shares of Mercury Systems by 7.7% during the second quarter. LS Investment Advisors LLC now owns 5,169 shares of the technology company’s stock worth $218,000 after buying an additional 370 shares in the last quarter. 96.43% of the stock is currently owned by institutional investors.

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Shares of Mercury Systems Inc (NASDAQ MRCY) opened at 47.03 on Monday. The company’s 50-day moving average price is $46.41 and its 200 day moving average price is $41.52. The firm has a market capitalization of $2.26 billion, a PE ratio of 81.09 and a beta of 0.42. Mercury Systems Inc has a 12-month low of $22.31 and a 12-month high of $49.24.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, beating 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 analyst estimates of $115.11 million. During the same period in the prior year, the company earned $0.23 earnings per share. Mercury Systems’s revenue was up 35.3% compared to the same quarter last year. On average, equities analysts forecast that Mercury Systems Inc will post $1.24 earnings per share for the current year.

A number of research firms recently issued reports on MRCY. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Thursday, June 22nd. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price objective on shares of Mercury Systems in a report on Wednesday, August 2nd. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $43.00.

In other Mercury Systems news, VP Charles A. Speicher sold 7,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $44.09, for a total transaction of $308,630.00. Following the completion of the transaction, the vice president now directly owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Aslett sold 4,800 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $47.42, for a total value of $227,616.00. Following the transaction, the chief executive officer now directly owns 519,382 shares of the company’s stock, valued at $24,629,094.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,400 shares of company stock valued at $990,518. 3.50% of the stock is owned by corporate insiders.

Mercury Systems 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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