Hanseatic Management Services Inc. raised its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 14,884.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,694 shares of the technology company’s stock after purchasing an additional 5,656 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Mercury Systems were worth $292,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Advisor Group Inc. increased its position in Mercury Systems by 97.8% during the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,264 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Mercury Systems during the 4th quarter valued at $149,000. Teacher Retirement System of Texas purchased a new position in Mercury Systems during the 3rd quarter valued at $206,000. Dorsey & Whitney Trust CO LLC purchased a new position in Mercury Systems during the 3rd quarter valued at $215,000. Finally, Fox Run Management L.L.C. purchased a new position in Mercury Systems during the 4th quarter valued at $229,000. 93.58% of the stock is currently owned by institutional investors and hedge funds.
MRCY has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating and set a $61.00 price objective on shares of Mercury Systems in a research report on Wednesday, January 24th. SunTrust Banks reaffirmed a “buy” rating and issued a $61.00 target price on shares of Mercury Systems in a research report on Tuesday, January 9th. Bank of America reduced their target price on shares of Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. Finally, Zacks Investment Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $55.83.
Shares of Mercury Systems Inc (NASDAQ:MRCY) opened at $50.18 on Tuesday. The firm has a market cap of $2,399.10, a PE ratio of 51.27, a PEG ratio of 3.99 and a beta of 0.40. Mercury Systems Inc has a 1 year low of $36.09 and a 1 year high of $55.00.
Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The business had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $114.89 million. Mercury Systems had a return on equity of 6.32% and a net margin of 9.61%. The firm’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. analysts predict that Mercury Systems Inc will post 1.09 EPS for the current year.
WARNING: “Mercury Systems Inc (MRCY) Shares Bought by Hanseatic Management Services Inc.” was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://sportsperspectives.com/2018/03/13/mercury-systems-inc-mrcy-shares-bought-by-hanseatic-management-services-inc.html.
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.
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).
Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.