Advisor Group Inc. lifted its stake in Mercury Systems Inc (NASDAQ:MRCY) by 97.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,556 shares of the technology company’s stock after purchasing an additional 1,264 shares during the period. Advisor Group Inc.’s holdings in Mercury Systems were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MRCY. Teachers Advisors LLC boosted its holdings in Mercury Systems by 26.2% in the 1st quarter. Teachers Advisors LLC now owns 80,884 shares of the technology company’s stock worth $3,159,000 after buying an additional 16,816 shares during the period. Bank of Montreal Can boosted its holdings in Mercury Systems by 29.2% in the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after buying an additional 556 shares during the period. LS Investment Advisors LLC boosted its holdings in Mercury Systems by 7.7% in the 2nd 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 during the period. Aperio Group LLC boosted its holdings in Mercury Systems by 40.9% in the 2nd quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock worth $345,000 after buying an additional 2,381 shares during the period. Finally, US Bancorp DE boosted its holdings in Mercury Systems by 4.3% in the 2nd quarter. US Bancorp DE now owns 18,904 shares of the technology company’s stock worth $796,000 after buying an additional 771 shares during the period. 96.47% of the stock is owned by institutional investors.

In other Mercury Systems news, CFO Gerald M. Haines II sold 2,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $51.94, for a total transaction of $129,850.00. Following the completion of the transaction, the chief financial officer now owns 220,760 shares of the company’s stock, valued at approximately $11,466,274.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Aslett sold 9,600 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $47.32, for a total transaction of $454,272.00. Following the transaction, the insider now directly owns 519,382 shares of the company’s stock, valued at approximately $24,577,156.24. The disclosure for this sale can be found here. Insiders have sold a total of 50,400 shares of company stock valued at $2,508,777 in the last three months. Insiders own 3.50% of the company’s stock.

Several brokerages recently weighed in on MRCY. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday. SunTrust Banks reaffirmed a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a report on Monday, October 2nd. Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a report on Tuesday, October 24th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $51.17.

Mercury Systems Inc (NASDAQ MRCY) opened at $51.79 on Friday. Mercury Systems Inc has a 1-year low of $29.11 and a 1-year high of $54.49. The company has a market cap of $2,517.72, a PE ratio of 56.12, a price-to-earnings-growth ratio of 4.34 and a beta of 0.23.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The business had revenue of $106.10 million during the quarter, compared to the consensus estimate of $105.18 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 21.1% on a year-over-year basis. equities analysts anticipate that Mercury Systems Inc will post 1.08 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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