Mercury Systems Inc (MRCY) Shares Bought by Equitable Trust Co.

Equitable Trust Co. raised its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,350 shares of the technology company’s stock after acquiring an additional 350 shares during the period. Equitable Trust Co.’s holdings in Mercury Systems were worth $348,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Strs Ohio increased its position in shares of Mercury Systems by 53.3% in the 4th quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $108,000 after buying an additional 800 shares in the last quarter. Bank of Montreal Can increased its position in shares of Mercury Systems by 27.8% in the 4th quarter. Bank of Montreal Can now owns 3,181 shares of the technology company’s stock valued at $150,000 after buying an additional 691 shares in the last quarter. Stephens Inc. AR increased its position in shares of Mercury Systems by 26.6% in the 4th quarter. Stephens Inc. AR now owns 3,388 shares of the technology company’s stock valued at $160,000 after buying an additional 711 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Mercury Systems by 11.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,545 shares of the technology company’s stock valued at $168,000 after buying an additional 363 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in shares of Mercury Systems in the 3rd quarter valued at $224,000.

In related news, COO Didier M. C. Thibaud sold 39,736 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $60.22, for a total value of $2,392,901.92. Following the completion of the transaction, the chief operating officer now directly owns 298,940 shares of the company’s stock, valued at approximately $18,002,166.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Aslett sold 10,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $58.55, for a total transaction of $585,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,736 shares of company stock valued at $3,291,302. Company insiders own 2.80% of the company’s stock.

NASDAQ MRCY traded up $0.55 on Friday, reaching $67.25. The company had a trading volume of 221,480 shares, compared to its average volume of 254,737. The firm has a market cap of $3.26 billion, a PE ratio of 59.51, a PEG ratio of 3.97 and a beta of 1.06. The company has a current ratio of 4.29, a quick ratio of 2.93 and a debt-to-equity ratio of 0.30. Mercury Systems Inc has a 1-year low of $30.11 and a 1-year high of $67.85.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, January 29th. The technology company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.05. The firm had revenue of $159.09 million during the quarter, compared to analyst estimates of $154.45 million. Mercury Systems had a net margin of 5.88% and a return on equity of 8.31%. Equities research analysts forecast that Mercury Systems Inc will post 1.48 EPS for the current year.

A number of analysts recently commented on MRCY shares. BidaskClub cut shares of Mercury Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 22nd. ValuEngine upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Drexel Hamilton restated a “buy” rating and issued a $67.00 price objective on shares of Mercury Systems in a research report on Wednesday, January 30th. SunTrust Banks upped their price objective on shares of Mercury Systems to $63.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Finally, Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mercury Systems has an average rating of “Buy” and an average target price of $56.67.

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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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