Oppenheimer Asset Management Inc. Sells 3,204 Shares of Mercury Systems Inc (MRCY)

Oppenheimer Asset Management Inc. lessened its position in Mercury Systems Inc (NASDAQ:MRCY) by 29.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,605 shares of the technology company’s stock after selling 3,204 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Mercury Systems were worth $395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MRCY. Bank of Montreal Can increased its stake in shares of Mercury Systems by 29.2% in the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock valued at $104,000 after buying an additional 556 shares during the period. Advisor Group Inc. increased its stake in shares of Mercury Systems by 97.8% in the third quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after buying an additional 1,264 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Mercury Systems by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after buying an additional 195 shares during the period. Shelton Capital Management acquired a new stake in shares of Mercury Systems in the second quarter valued at about $200,000. Finally, Flinton Capital Management LLC increased its stake in shares of Mercury Systems by 72.3% in the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after buying an additional 2,040 shares during the period. 96.38% of the stock is owned by institutional investors and hedge funds.

In related news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $49.52, for a total transaction of $173,320.00. Following the completion of the sale, the chief operating officer now owns 379,940 shares of the company’s stock, valued at $18,814,628.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark Aslett sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $49.77, for a total value of $238,896.00. Following the sale, the chief executive officer now directly owns 480,982 shares of the company’s stock, valued at approximately $23,938,474.14. The disclosure for this sale can be found here. Insiders have sold 55,300 shares of company stock valued at $2,817,845 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on MRCY. Zacks Investment Research cut Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. SunTrust Banks reissued a “buy” rating and issued a $51.00 price target on shares of Mercury Systems in a research note on Monday, October 2nd. BidaskClub cut Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Robert W. Baird reissued a “buy” rating and issued a $48.00 price target on shares of Mercury Systems in a research note on Tuesday, October 24th. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $51.17.

Shares of Mercury Systems Inc (MRCY) opened at $52.99 on Monday. Mercury Systems Inc has a one year low of $29.31 and a one year high of $54.49. The company has a market capitalization of $2,556.29, a P/E ratio of 56.98, a P/E/G ratio of 4.40 and a beta of 0.23.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.26 by $0.11. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The business had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue was up 21.1% on a year-over-year basis. equities research analysts predict that Mercury Systems Inc will post 1.08 earnings per share for the current fiscal year.

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Mercury Systems Profile

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.

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

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