Lisanti Capital Growth LLC Has $2.71 Million Position in Mercury Systems Inc (MRCY)
Lisanti Capital Growth LLC increased its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 52,860 shares of the technology company’s stock after buying an additional 1,340 shares during the period. Mercury Systems makes up about 1.6% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 18th biggest position. Lisanti Capital Growth LLC’s holdings in Mercury Systems were worth $2,714,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in MRCY. Advisor Group Inc. increased its position in shares of Mercury Systems by 97.8% in the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,264 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Mercury Systems by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after purchasing an additional 195 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Mercury Systems in the 2nd quarter worth about $200,000. Flinton Capital Management LLC increased its position in shares of Mercury Systems by 72.3% in the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock worth $205,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Mercury Systems in the 3rd quarter worth about $206,000. 96.26% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $50.11, for a total value of $481,056.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $48.00, for a total transaction of $168,000.00. Following the completion of the transaction, the chief operating officer now directly owns 362,440 shares of the company’s stock, valued at $17,397,120. The disclosure for this sale can be found here. Insiders sold a total of 70,600 shares of company stock valued at $3,558,499 over the last ninety days. Company insiders own 3.50% of the company’s stock.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The business had revenue of $117.90 million during the quarter, compared to analyst estimates of $114.89 million. During the same period last year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 20.3% on a year-over-year basis. research analysts predict that Mercury Systems Inc will post 1.09 EPS for the current year.
Several research firms have recently weighed in on MRCY. Robert W. Baird boosted their target price on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. BidaskClub raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, SunTrust Banks reissued a “buy” rating on shares of Mercury Systems in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $54.71.
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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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