Emerald Advisers Inc. PA Cuts Position in Mercury Systems Inc (MRCY)

Emerald Advisers Inc. PA reduced its stake in Mercury Systems Inc (NASDAQ:MRCY) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,271 shares of the technology company’s stock after selling 182,185 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Mercury Systems were worth $20,760,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Aperio Group LLC lifted its position in Mercury Systems by 13.2% in the 2nd quarter. Aperio Group LLC now owns 11,868 shares of the technology company’s stock valued at $452,000 after acquiring an additional 1,382 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in Mercury Systems by 7.9% in the 2nd quarter. MetLife Investment Advisors LLC now owns 21,590 shares of the technology company’s stock valued at $822,000 after acquiring an additional 1,576 shares in the last quarter. Legal & General Group Plc increased its stake in Mercury Systems by 2.3% in the 1st quarter. Legal & General Group Plc now owns 98,867 shares of the technology company’s stock valued at $4,740,000 after buying an additional 2,188 shares during the last quarter. Bank of Montreal Can acquired a new stake in Mercury Systems in the 2nd quarter valued at $100,000. Finally, Rhumbline Advisers increased its stake in Mercury Systems by 3.2% in the 2nd quarter. Rhumbline Advisers now owns 115,660 shares of the technology company’s stock valued at $4,402,000 after buying an additional 3,625 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Drexel Hamilton set a $58.00 price target on shares of Mercury Systems and gave the company a “buy” rating in a research note on Wednesday. BidaskClub lowered shares of Mercury Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 16th. Canaccord Genuity assumed coverage on shares of Mercury Systems in a research note on Thursday, October 4th. They issued a “buy” rating and a $64.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $53.00.



In other news, insider Mark Aslett sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $54.91, for a total transaction of $1,647,300.00. Following the transaction, the insider now directly owns 427,440 shares in the company, valued at approximately $23,470,730.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $54.23, for a total transaction of $189,805.00. Following the transaction, the chief operating officer now owns 318,525 shares in the company, valued at $17,273,610.75. The disclosure for this sale can be found here. Insiders sold a total of 45,200 shares of company stock worth $2,462,642 over the last quarter. Company insiders own 2.80% of the company’s stock.

Shares of MRCY stock opened at $46.86 on Thursday. The company has a current ratio of 4.63, a quick ratio of 3.11 and a debt-to-equity ratio of 0.25. Mercury Systems Inc has a 1 year low of $30.11 and a 1 year high of $57.26. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 3.12 and a beta of 0.52.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, October 30th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Mercury Systems had a net margin of 5.72% and a return on equity of 7.01%. The firm had revenue of $144.10 million for the quarter, compared to analyst estimates of $139.12 million. During the same period in the previous year, the business earned $0.37 EPS. The company’s revenue was up 35.8% compared to the same quarter last year. Research analysts expect that Mercury Systems Inc will post 1.36 EPS for the current year.

About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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

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