Teachers Retirement System of The State of Kentucky lowered its stake in shares of Mercury Systems, Inc. (NASDAQ:MRCY – Get Rating) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,300 shares of the technology company's stock after selling 500 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Mercury Systems were worth $406,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Verition Fund Management LLC lifted its holdings in Mercury Systems by 62.6% during the first quarter. Verition Fund Management LLC now owns 10,282 shares of the technology company's stock worth $663,000 after buying an additional 3,960 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Mercury Systems by 32.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 552,838 shares of the technology company's stock valued at $35,630,000 after purchasing an additional 136,778 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Mercury Systems during the 1st quarter valued at $256,000. Advisors Asset Management Inc. lifted its holdings in shares of Mercury Systems by 13.4% during the 1st quarter. Advisors Asset Management Inc. now owns 19,503 shares of the technology company's stock valued at $1,257,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in shares of Mercury Systems by 4.0% during the 1st quarter. Penn Capital Management Company LLC now owns 31,872 shares of the technology company's stock valued at $2,093,000 after purchasing an additional 1,216 shares during the last quarter. Hedge funds and other institutional investors own 97.95% of the company's stock.
Get Mercury Systems alerts:Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MRCY. Royal Bank of Canada decreased their price objective on Mercury Systems from $72.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, August 3rd. Robert W. Baird decreased their price objective on Mercury Systems from $72.00 to $58.00 in a report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.00.
Mercury Systems Price Performance
NASDAQ MRCY opened at $42.20 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 4.20 and a quick ratio of 2.81. The stock's fifty day moving average price is $50.88 and its 200 day moving average price is $57.43. Mercury Systems, Inc. has a 1 year low of $42.17 and a 1 year high of $72.28. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 222.12, a PEG ratio of 20.84 and a beta of 0.85.Insider Activity at Mercury Systems
In other Mercury Systems news, EVP Brian E. Perry sold 931 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $51.46, for a total transaction of $47,909.26. Following the sale, the executive vice president now directly owns 91,043 shares of the company's stock, valued at approximately $4,685,072.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mercury Systems news, EVP Brian E. Perry sold 931 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $51.46, for a total transaction of $47,909.26. Following the sale, the executive vice president now directly owns 91,043 shares of the company's stock, valued at approximately $4,685,072.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Howard L. Lance purchased 5,000 shares of the business's stock in a transaction on Friday, August 5th. The shares were bought at an average cost of $50.59 per share, for a total transaction of $252,950.00. Following the completion of the transaction, the director now directly owns 8,767 shares in the company, valued at approximately $443,522.53. The disclosure for this purchase can be found here. Insiders have sold a total of 17,740 shares of company stock valued at $896,663 in the last ninety days. Company insiders own 2.10% of the company's stock.
Mercury Systems Profile
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Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.
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