Teachers Advisors LLC Has $3.16 Million Stake in Mercury Systems Inc (MRCY)
Teachers Advisors LLC increased its stake in Mercury Systems Inc (NASDAQ:MRCY) by 26.2% during the first quarter, Holdings Channel reports. The firm owned 80,884 shares of the technology company’s stock after buying an additional 16,816 shares during the period. Teachers Advisors LLC’s holdings in Mercury Systems were worth $3,159,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Mercury Systems during the first quarter worth approximately $35,579,000. Alliancebernstein L.P. increased its stake in shares of Mercury Systems by 1,334.8% in the first quarter. Alliancebernstein L.P. now owns 627,008 shares of the technology company’s stock worth $24,485,000 after buying an additional 583,308 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Mercury Systems by 88.8% in the first quarter. OppenheimerFunds Inc. now owns 882,727 shares of the technology company’s stock worth $34,470,000 after buying an additional 415,059 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Mercury Systems by 129.9% in the first quarter. Wells Fargo & Company MN now owns 526,647 shares of the technology company’s stock worth $20,566,000 after buying an additional 297,586 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Mercury Systems by 22.9% in the first quarter. Bank of New York Mellon Corp now owns 1,573,345 shares of the technology company’s stock worth $61,439,000 after buying an additional 292,704 shares during the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Mercury Systems Inc (NASDAQ MRCY) traded up 3.02% during trading on Friday, reaching $47.06. The company’s stock had a trading volume of 462,573 shares. Mercury Systems Inc has a one year low of $21.52 and a one year high of $47.26. The firm’s 50-day moving average price is $43.54 and its 200-day moving average price is $39.49. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 81.14 and a beta of 0.39.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The business had revenue of $115.60 million during the quarter, compared to analyst estimates of $115.11 million. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. On average, equities analysts anticipate that Mercury Systems Inc will post $1.24 earnings per share for the current year.
A number of analysts recently commented on MRCY shares. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday, April 20th. Zacks Investment Research downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 15th. BidaskClub raised Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 price target on shares of Mercury Systems in a research report on Friday, July 7th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $43.00.
In other news, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $40.26, for a total transaction of $386,496.00. Following the completion of the sale, the insider now owns 557,449 shares of the company’s stock, valued at approximately $22,442,896.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Charles A. Speicher sold 7,000 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $44.09, for a total transaction of $308,630.00. Following the sale, the vice president now directly owns 36,983 shares of the company’s stock, valued at approximately $1,630,580.47. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,600 shares of company stock valued at $1,432,286. Company insiders own 4.30% of the company’s stock.
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.
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