State of Tennessee Treasury Department maintained its stake in Mercury Systems Inc (NASDAQ:MRCY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,216 shares of the technology company’s stock at the end of the second quarter. State of Tennessee Treasury Department owned 0.10% of Mercury Systems worth $1,861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MRCY. BlackRock Inc. boosted its holdings in shares of Mercury Systems by 242,823.0% in the 1st quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock valued at $259,540,000 after purchasing an additional 6,643,636 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Mercury Systems by 920.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,231,176 shares of the technology company’s stock valued at $48,077,000 after purchasing an additional 1,110,474 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Mercury Systems in the 1st quarter valued at $35,579,000. Vanguard Group Inc. boosted its holdings in shares of Mercury Systems by 21.6% in the 1st quarter. Vanguard Group Inc. now owns 3,938,032 shares of the technology company’s stock valued at $153,780,000 after purchasing an additional 700,484 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Mercury Systems by 1,334.8% in the 1st quarter. Alliancebernstein L.P. now owns 627,008 shares of the technology company’s stock valued at $24,485,000 after purchasing an additional 583,308 shares during the last quarter. Institutional investors own 96.43% of the company’s stock.

Mercury Systems Inc (MRCY) opened at 48.29 on Wednesday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 83.26 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. The company’s 50 day moving average is $46.64 and its 200 day moving average is $41.72.

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

Several equities analysts recently weighed in on MRCY shares. Zacks Investment Research lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Jefferies Group LLC restated a “hold” rating and set a $45.00 target price on shares of Mercury Systems in a report on Wednesday, August 2nd. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Mercury Systems currently has an average rating of “Buy” and an average target price of $43.00.

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In other news, VP Charles A. Speicher sold 7,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $44.09, for a total transaction of $308,630.00. Following the transaction, the vice president now owns 36,983 shares in the company, valued at approximately $1,630,580.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark Aslett sold 9,600 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $47.32, for a total transaction of $454,272.00. Following the transaction, the insider now owns 519,382 shares in the company, valued at approximately $24,577,156.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,400 shares of company stock worth $990,518. 3.50% of the stock is currently 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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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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