Polianta Ltd bought a new position in Mercury Systems Inc (NASDAQ:MRCY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,900 shares of the technology company’s stock, valued at approximately $1,047,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LS Investment Advisors LLC increased its position in shares of Mercury Systems by 10.1% in the second quarter. LS Investment Advisors LLC now owns 1,595 shares of the technology company’s stock worth $112,000 after acquiring an additional 146 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Mercury Systems by 1.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 21,706 shares of the technology company’s stock worth $1,527,000 after acquiring an additional 241 shares in the last quarter. Profund Advisors LLC increased its position in shares of Mercury Systems by 5.2% in the second quarter. Profund Advisors LLC now owns 5,049 shares of the technology company’s stock worth $355,000 after acquiring an additional 248 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Mercury Systems by 6.9% in the second quarter. Crossmark Global Holdings Inc. now owns 4,990 shares of the technology company’s stock worth $351,000 after acquiring an additional 320 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mercury Systems by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,265 shares of the technology company’s stock worth $230,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 95.03% of the company’s stock.

MRCY traded up $0.95 on Wednesday, reaching $73.71. 20,988 shares of the company traded hands, compared to its average volume of 501,771. The stock’s 50 day moving average price is $82.55 and its 200-day moving average price is $73.70. Mercury Systems Inc has a 52-week low of $41.16 and a 52-week high of $89.44. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 3.75 and a beta of 1.08.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.11. Mercury Systems had a net margin of 7.14% and a return on equity of 8.11%. The firm had revenue of $176.96 million for the quarter, compared to the consensus estimate of $171.98 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue was up 15.8% on a year-over-year basis. On average, sell-side analysts anticipate that Mercury Systems Inc will post 1.72 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America raised shares of Mercury Systems from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $50.00 to $85.00 in a research report on Friday, August 9th. Goldman Sachs Group initiated coverage on shares of Mercury Systems in a research report on Friday, August 16th. They set a “neutral” rating and a $75.00 price objective on the stock. BidaskClub raised shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, September 17th. Finally, Zacks Investment Research raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $73.50.

In other Mercury Systems news, CEO Mark Aslett sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $83.27, for a total value of $520,437.50. Following the completion of the sale, the chief executive officer now directly owns 366,063 shares of the company’s stock, valued at $30,482,066.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael A. Daniels sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $77.68, for a total transaction of $116,520.00. Following the completion of the sale, the director now directly owns 73,937 shares of the company’s stock, valued at $5,743,426.16. The disclosure for this sale can be found here. Insiders sold 73,788 shares of company stock valued at $6,231,167 over the last three months. Insiders own 2.80% of the company’s stock.

About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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

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