Public Sector Pension investment Board lowered its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 27.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,654 shares of the technology company’s stock after selling 9,400 shares during the period. Public Sector Pension investment Board owned about 0.05% of Mercury Systems worth $1,038,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Arizona State Retirement System grew its holdings in Mercury Systems by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after acquiring an additional 100 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Mercury Systems in the first quarter valued at about $16,342,000. Texas Permanent School Fund increased its position in shares of Mercury Systems by 16.0% in the first quarter. Texas Permanent School Fund now owns 34,712 shares of the technology company’s stock valued at $1,356,000 after acquiring an additional 4,797 shares during the period. Aperio Group LLC increased its position in shares of Mercury Systems by 40.9% in the second quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock valued at $345,000 after acquiring an additional 2,381 shares during the period. Finally, KBC Group NV purchased a new position in shares of Mercury Systems in the second quarter valued at about $1,397,000. 96.43% of the stock is owned by institutional investors and hedge funds.

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Several equities analysts have recently commented on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mercury Systems in a research note on Monday. Zacks Investment Research cut Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and set a $45.00 price target on shares of Mercury Systems in a report on Wednesday, August 2nd. Finally, BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.50.

Mercury Systems Inc (NASDAQ:MRCY) opened at 52.77 on Tuesday. Mercury Systems Inc has a one year low of $22.31 and a one year high of $52.77. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 90.98 and a beta of 0.41. The firm has a 50-day moving average of $48.06 and a 200 day moving average of $42.48.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share 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 firm had revenue of $115.60 million for the quarter, compared to the consensus estimate of $115.11 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. Equities research analysts predict that Mercury Systems Inc will post $1.24 earnings per share for the current fiscal year.

In other news, VP Charles A. Speicher sold 7,000 shares of the business’s 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Aslett sold 4,800 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $47.42, for a total transaction of $227,616.00. Following the sale, 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. Insiders sold a total of 23,900 shares of company stock worth $1,120,368 in the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

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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