BNP Paribas Arbitrage SA raised its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 52.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 14,909 shares of the technology company’s stock after purchasing an additional 5,099 shares during the period. BNP Paribas Arbitrage SA’s holdings in Mercury Systems were worth $628,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Mercury Systems by 29.2% during the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock valued at $104,000 after purchasing an additional 556 shares during the last quarter. Flinton Capital Management LLC boosted its stake in Mercury Systems by 18.6% during the 1st quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock valued at $110,000 after purchasing an additional 442 shares during the last quarter. Private Advisor Group LLC acquired a new position in Mercury Systems during the 1st quarter valued at about $116,000. Ameritas Investment Partners Inc. acquired a new position in Mercury Systems during the 1st quarter valued at about $153,000. Finally, LS Investment Advisors LLC boosted its stake in Mercury Systems by 219.1% during the 1st quarter. LS Investment Advisors LLC now owns 4,799 shares of the technology company’s stock valued at $187,000 after purchasing an additional 3,295 shares during the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.
Mercury Systems Inc (NASDAQ:MRCY) opened at 47.47 on Tuesday. Mercury Systems Inc has a 52 week low of $21.52 and a 52 week high of $49.24. The stock has a market cap of $2.28 billion, a P/E ratio of 81.84 and a beta of 0.42. The stock has a 50 day moving average price of $46.00 and a 200-day moving average price of $41.26.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The firm had revenue of $115.60 million for the quarter, compared to analysts’ expectations of $115.11 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, equities analysts anticipate that Mercury Systems Inc will post $1.24 EPS for the current fiscal year.
A number of research firms have issued reports on MRCY. Zacks Investment Research downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $45.00 price target on shares of Mercury Systems in a research note on Wednesday, August 2nd. Finally, BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $43.00.
In other news, VP Charles A. Speicher sold 7,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $44.09, for a total transaction of $308,630.00. Following the sale, the vice president now owns 36,983 shares in the company, valued at $1,630,580.47. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Aslett sold 9,400 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $38.04, for a total transaction of $357,576.00. Following the sale, the insider now owns 538,249 shares in the company, valued at approximately $20,474,991.96. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.
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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.
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