Russell Investments Group Ltd. increased its position in Mercury Systems Inc (NASDAQ:MRCY) by 25.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,856 shares of the technology company’s stock after purchasing an additional 24,714 shares during the quarter. Russell Investments Group Ltd. owned 0.22% of Mercury Systems worth $8,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Mercury Systems in the fourth quarter valued at $10,798,000. Synovus Financial Corp boosted its stake in shares of Mercury Systems by 25.4% in the first quarter. Synovus Financial Corp now owns 844 shares of the technology company’s stock valued at $61,000 after purchasing an additional 171 shares during the period. Dupont Capital Management Corp purchased a new position in shares of Mercury Systems in the first quarter valued at $110,000. Aigen Investment Management LP purchased a new position in shares of Mercury Systems in the fourth quarter valued at $127,000. Finally, Fifth Third Bancorp boosted its stake in shares of Mercury Systems by 62.6% in the first quarter. Fifth Third Bancorp now owns 1,958 shares of the technology company’s stock valued at $140,000 after purchasing an additional 754 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.

Shares of NASDAQ:MRCY opened at $84.41 on Friday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 49.36, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03. Mercury Systems Inc has a 1-year low of $52.24 and a 1-year high of $96.29. The company’s fifty day moving average is $79.65 and its two-hundred day moving average is $75.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.19 and a current ratio of 6.52.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. The company had revenue of $208.00 million for the quarter, compared to analysts’ expectations of $199.17 million. Mercury Systems had a net margin of 9.43% and a return on equity of 7.04%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 earnings per share. Sell-side analysts expect that Mercury Systems Inc will post 1.79 EPS for the current fiscal year.

In other Mercury Systems news, CEO Mark Aslett sold 6,250 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $65.78, for a total transaction of $411,125.00. Following the sale, the chief executive officer now directly owns 291,063 shares of the company’s stock, valued at $19,146,124.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on MRCY shares. JPMorgan Chase & Co. upped their target price on shares of Mercury Systems from $72.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Royal Bank of Canada assumed coverage on shares of Mercury Systems in a research note on Wednesday. They set a “sector perform” rating and a $87.00 price objective on the stock. They noted that the move was a valuation call. BidaskClub downgraded shares of Mercury Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 15th. ValuEngine upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Bank of America increased their price objective on shares of Mercury Systems from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $89.63.

Mercury Systems Profile

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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