Public Employees Retirement System of Ohio reduced its stake in Mercury Systems Inc (NASDAQ:MRCY) by 11.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,733 shares of the technology company’s stock after selling 6,035 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.09% of Mercury Systems worth $1,883,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MRCY. Bank of Montreal Can increased its stake in Mercury Systems by 29.2% in the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock valued at $104,000 after purchasing an additional 556 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Mercury Systems by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after purchasing an additional 195 shares during the last quarter. Shelton Capital Management acquired a new position in Mercury Systems in the second quarter valued at $200,000. Flinton Capital Management LLC increased its stake in Mercury Systems by 72.3% in the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in Mercury Systems by 74.9% in the second quarter. Riverhead Capital Management LLC now owns 4,897 shares of the technology company’s stock valued at $206,000 after purchasing an additional 2,097 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Public Employees Retirement System of Ohio Sells 6,035 Shares of Mercury Systems Inc (MRCY)” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/public-employees-retirement-system-of-ohio-sells-6035-shares-of-mercury-systems-inc-mrcy/1680143.html.

Several equities analysts recently commented on the company. Robert W. Baird upped their target price on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. SunTrust Banks, Inc. restated a “buy” rating and set a $51.00 price target on shares of Mercury Systems in a research note on Monday, October 2nd. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. Finally, Jefferies Group LLC restated a “hold” rating and set a $45.00 price target on shares of Mercury Systems in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mercury Systems presently has an average rating of “Buy” and a consensus target price of $51.17.

In related news, insider Mark Aslett sold 9,600 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $47.32, for a total value of $454,272.00. Following the completion of the transaction, the insider now owns 519,382 shares of the company’s stock, valued at $24,577,156.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gerald M. Haines II sold 2,500 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $50.41, for a total value of $126,025.00. Following the completion of the transaction, the chief financial officer now directly owns 218,260 shares of the company’s stock, valued at approximately $11,002,486.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,700 shares of company stock valued at $1,662,199. Insiders own 3.50% of the company’s stock.

Shares of Mercury Systems Inc (NASDAQ MRCY) opened at $51.26 on Friday. Mercury Systems Inc has a 12 month low of $25.69 and a 12 month high of $54.49. The stock has a market capitalization of $2,472.83, a PE ratio of 55.12, a PEG ratio of 4.02 and a beta of 0.22.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $105.18 million. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. research analysts expect that Mercury Systems Inc will post 1.08 earnings per share for the current fiscal year.

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)

Receive News & Ratings for Mercury Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.