Mercury Systems Inc (NASDAQ:MRCY) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its position in Mercury Systems Inc (NASDAQ:MRCY) by 21.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,938,032 shares of the technology company’s stock after buying an additional 700,484 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Mercury Systems worth $153,780,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MRCY. State Street Corp boosted its position in Mercury Systems by 18.2% in the fourth quarter. State Street Corp now owns 1,033,362 shares of the technology company’s stock worth $31,222,000 after buying an additional 159,032 shares in the last quarter. FMR LLC boosted its position in 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. Allianz Asset Management AG bought a new position in Mercury Systems during the fourth quarter worth about $237,000. Two Sigma Investments LP bought a new position in Mercury Systems during the fourth quarter worth about $583,000. Finally, Guggenheim Capital LLC bought a new position in Mercury Systems during the fourth quarter worth about $2,219,000. Institutional investors and hedge funds own 99.26% of the company’s stock.

Mercury Systems Inc (NASDAQ MRCY) opened at 44.04 on Friday. The firm has a 50-day moving average of $41.04 and a 200 day moving average of $38.02. Mercury Systems Inc has a 12 month low of $21.52 and a 12 month high of $44.92. The firm has a market capitalization of $2.11 billion, a PE ratio of 76.06 and a beta of 0.38.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, April 25th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Mercury Systems had a net margin of 6.48% and a return on equity of 4.58%. The company had revenue of $107.30 million for the quarter, compared to the consensus estimate of $105.54 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. Equities research analysts forecast that Mercury Systems Inc will post $1.10 earnings per share for the current year.

WARNING: This story was first posted by [[site]] and is the sole property of of [[site]]. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at [[permalink]].

MRCY has been the subject of a number of research analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $30.00 price objective on shares of Mercury Systems in a research report on Monday, March 27th. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Thursday, April 13th. Finally, Noble Financial restated a “hold” rating on shares of Mercury Systems in a research report on Thursday, April 20th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $42.67.

In other news, Director Michael A. Daniels bought 2,683 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were bought at an average cost of $37.31 per share, with a total value of $100,102.73. Following the completion of the purchase, the director now directly owns 60,096 shares in the company, valued at $2,242,181.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction on Friday, May 5th. The stock was sold at an average price of $39.92, for a total transaction of $383,232.00. Following the completion of the transaction, the insider now directly owns 567,049 shares in the company, valued at $22,636,596.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,200 shares of company stock worth $2,719,188. 4.30% of the stock is owned by 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.

Want to see what other hedge funds are holding MRCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercury Systems Inc (NASDAQ:MRCY).