Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 11.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,265 shares of the technology company’s stock after purchasing an additional 332 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mercury Systems were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MRCY. Millennium Management LLC grew its holdings in Mercury Systems by 879.5% in the 4th quarter. Millennium Management LLC now owns 48,681 shares of the technology company’s stock valued at $2,302,000 after buying an additional 43,711 shares during the last quarter. Norges Bank acquired a new stake in Mercury Systems in the 4th quarter valued at approximately $22,017,000. Geode Capital Management LLC grew its holdings in Mercury Systems by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 545,176 shares of the technology company’s stock valued at $25,781,000 after buying an additional 41,114 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Mercury Systems in the 1st quarter valued at approximately $44,000. Finally, Strs Ohio grew its holdings in Mercury Systems by 43.5% in the 1st quarter. Strs Ohio now owns 3,300 shares of the technology company’s stock valued at $211,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 86.94% of the company’s stock.

In other news, insider Mark Aslett sold 10,000 shares of Mercury Systems stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $65.90, for a total transaction of $659,000.00. Following the sale, the insider now owns 337,440 shares of the company’s stock, valued at approximately $22,237,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 30,000 shares of company stock worth $2,024,200 in the last three months. 2.80% of the stock is owned by insiders.

MRCY has been the topic of a number of research analyst reports. Goldman Sachs Group initiated coverage on Mercury Systems in a report on Friday. They issued a “neutral” rating and a $75.00 target price on the stock. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. BidaskClub lowered Mercury Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Bank of America raised Mercury Systems from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $85.00 in a report on Friday, August 9th. Finally, Canaccord Genuity reissued a “buy” rating and set a $76.00 price objective (up previously from $64.00) on shares of Mercury Systems in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.50.

Shares of NASDAQ:MRCY traded up $0.32 during trading on Tuesday, hitting $86.58. 10,773 shares of the stock were exchanged, compared to its average volume of 396,349. Mercury Systems Inc has a 1-year low of $41.16 and a 1-year high of $86.35. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 56.98, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09. The company’s fifty day simple moving average is $75.12 and its 200-day simple moving average is $68.74.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.11. Mercury Systems had a return on equity of 8.11% and a net margin of 7.14%. The company had revenue of $176.96 million for the quarter, compared to analyst estimates of $171.98 million. During the same quarter last year, the firm earned $0.47 EPS. Mercury Systems’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, analysts forecast that Mercury Systems Inc will post 1.72 earnings per share for the current year.

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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