Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 900 Shares of Mercury Systems Inc $MRCY

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,040 shares of the technology company’s stock after buying an additional 900 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mercury Systems were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in shares of Mercury Systems by 56.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,283 shares of the technology company’s stock valued at $659,000 after acquiring an additional 5,545 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mercury Systems during the first quarter worth approximately $278,000. LPL Financial LLC grew its holdings in Mercury Systems by 145.1% during the first quarter. LPL Financial LLC now owns 129,295 shares of the technology company’s stock valued at $5,486,000 after purchasing an additional 76,549 shares during the last quarter. Nkcfo LLC bought a new position in shares of Mercury Systems in the first quarter valued at approximately $72,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Mercury Systems in the first quarter worth $683,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Mercury Systems Price Performance

Shares of MRCY stock opened at $66.67 on Tuesday. Mercury Systems Inc has a 12 month low of $37.28 and a 12 month high of $85.33. The company has a market capitalization of $4.01 billion, a P/E ratio of -101.01, a P/E/G ratio of 3.17 and a beta of 0.79. The stock has a 50 day moving average of $75.83 and a two-hundred day moving average of $62.68. The company has a current ratio of 3.52, a quick ratio of 2.41 and a debt-to-equity ratio of 0.40.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, June 7th. The technology company reported $0.64 EPS for the quarter. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%.The business had revenue of $256.86 million during the quarter. As a group, equities analysts expect that Mercury Systems Inc will post -0.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on MRCY. Zacks Research lowered shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. raised their price target on Mercury Systems from $56.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, August 12th. The Goldman Sachs Group boosted their price objective on Mercury Systems from $35.00 to $39.00 and gave the stock a “sell” rating in a research report on Wednesday, August 13th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $100.00 target price on shares of Mercury Systems in a report on Wednesday, November 5th. Finally, UBS Group set a $88.00 price target on Mercury Systems in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

Insider Transactions at Mercury Systems

In related news, Director Jana Partners Management, Lp sold 1,000,000 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $75.45, for a total value of $75,450,000.00. Following the completion of the transaction, the director owned 4,966,675 shares of the company’s stock, valued at $374,735,628.75. This represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Douglas Munro sold 1,329 shares of Mercury Systems stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $73.42, for a total value of $97,575.18. Following the sale, the chief accounting officer directly owned 14,678 shares in the company, valued at $1,077,658.76. The trade was a 8.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,003,096 shares of company stock valued at $75,678,276. Company insiders own 1.40% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.