Mercury Systems Inc (MRCY) Shares Sold by Bank of New York Mellon Corp
Bank of New York Mellon Corp reduced its stake in Mercury Systems Inc (NASDAQ:MRCY) by 3.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,368,869 shares of the technology company’s stock after selling 52,338 shares during the period. Bank of New York Mellon Corp’s holdings in Mercury Systems were worth $70,292,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Atlantic Trust Group LLC purchased a new position in Mercury Systems during the 3rd quarter worth approximately $1,258,000. Bamco Inc. NY raised its position in Mercury Systems by 8.9% during the 3rd quarter. Bamco Inc. NY now owns 1,226,000 shares of the technology company’s stock worth $63,605,000 after buying an additional 100,000 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Mercury Systems during the 3rd quarter worth approximately $1,065,000. Legal & General Group Plc raised its position in Mercury Systems by 8.2% during the 3rd quarter. Legal & General Group Plc now owns 93,854 shares of the technology company’s stock worth $4,866,000 after buying an additional 7,122 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Mercury Systems by 15.7% during the 3rd quarter. California Public Employees Retirement System now owns 54,242 shares of the technology company’s stock worth $2,814,000 after buying an additional 7,342 shares during the last quarter. 94.86% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $51.07, for a total transaction of $127,675.00. Following the sale, the chief financial officer now owns 213,260 shares of the company’s stock, valued at approximately $10,891,188.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Aslett sold 9,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $47.14, for a total transaction of $452,544.00. Following the sale, the insider now directly owns 452,182 shares in the company, valued at approximately $21,315,859.48. The disclosure for this sale can be found here. Insiders have sold a total of 56,100 shares of company stock worth $2,698,399 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.
Shares of Mercury Systems Inc (NASDAQ MRCY) opened at $47.33 on Monday. The company has a market cap of $2,280.00, a P/E ratio of 53.18, a PEG ratio of 3.80 and a beta of 0.40. Mercury Systems Inc has a one year low of $36.09 and a one year high of $55.00.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The firm had revenue of $117.90 million for the quarter, compared to analyst estimates of $114.89 million. Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. Mercury Systems’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. research analysts predict that Mercury Systems Inc will post 1.09 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This piece was first published by Watch List News and is the property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/mercury-systems-inc-mrcy-shares-sold-by-bank-of-new-york-mellon-corp/1908473.html.
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.
Want to see what other hedge funds are holding MRCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercury Systems Inc (NASDAQ:MRCY).
Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.