US Bancorp DE increased its position in Mercury Systems Inc (NASDAQ:MRCY) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 18,904 shares of the technology company’s stock after buying an additional 771 shares during the period. US Bancorp DE’s holdings in Mercury Systems were worth $796,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in MRCY. FMR LLC increased its position in shares of Mercury Systems by 243.1% in the fourth quarter. FMR LLC now owns 162,293 shares of the technology company’s stock worth $4,904,000 after buying an additional 114,993 shares in the last quarter. Parametrica Management Ltd bought a new position in shares of Mercury Systems during the first quarter worth approximately $210,000. Louisiana State Employees Retirement System increased its position in shares of Mercury Systems by 18.2% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the technology company’s stock worth $761,000 after buying an additional 3,000 shares in the last quarter. Columbus Circle Investors increased its position in shares of Mercury Systems by 76.4% in the first quarter. Columbus Circle Investors now owns 424,790 shares of the technology company’s stock worth $16,588,000 after buying an additional 183,986 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Mercury Systems by 18.9% in the first quarter. State of Alaska Department of Revenue now owns 5,290 shares of the technology company’s stock worth $206,000 after buying an additional 840 shares in the last quarter. 98.66% of the stock is owned by institutional investors and hedge funds.

Shares of Mercury Systems Inc (NASDAQ:MRCY) traded up 3.02% during trading on Friday, hitting $47.06. The stock had a trading volume of 462,573 shares. The company has a market cap of $2.17 billion, a P/E ratio of 81.14 and a beta of 0.39. The stock’s 50-day moving average price is $43.54 and its 200-day moving average price is $39.49. Mercury Systems Inc has a one year low of $21.52 and a one year high of $47.26.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.08. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The company had revenue of $115.60 million for the quarter, compared to the consensus estimate of $115.11 million. During the same period in the previous year, the business earned $0.23 EPS. Mercury Systems’s revenue for the quarter was up 35.3% compared to the same quarter last year. On average, equities research analysts forecast that Mercury Systems Inc will post $1.24 EPS for the current fiscal year.

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A number of equities analysts have recently commented on MRCY shares. Zacks Investment Research downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 15th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, April 20th. Jefferies Group LLC reissued a “hold” rating and set a $39.00 price objective (up from $30.00) on shares of Mercury Systems in a research report on Saturday, April 29th. Finally, BidaskClub raised Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $43.00.

In other news, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.54, for a total value of $379,584.00. Following the completion of the transaction, the insider now owns 547,849 shares in the company, valued at approximately $21,661,949.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Charles A. Speicher sold 7,000 shares of Mercury Systems stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the transaction, the vice president now 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. Insiders have sold a total of 35,600 shares of company stock worth $1,432,286 over the last 90 days. 4.30% of the stock is owned by company insiders.

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

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