Texas Permanent School Fund Grows Stake in Mercury Systems Inc (MRCY)

Texas Permanent School Fund lifted its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,903 shares of the technology company’s stock after acquiring an additional 1,230 shares during the quarter. Texas Permanent School Fund’s holdings in Mercury Systems were worth $2,108,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MRCY. State of Alaska Department of Revenue boosted its position in Mercury Systems by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 16,331 shares of the technology company’s stock valued at $1,046,000 after purchasing an additional 155 shares in the last quarter. Victory Capital Management Inc. boosted its position in Mercury Systems by 4.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,374 shares of the technology company’s stock valued at $254,000 after purchasing an additional 209 shares in the last quarter. Arizona State Retirement System boosted its position in Mercury Systems by 0.3% during the first quarter. Arizona State Retirement System now owns 74,755 shares of the technology company’s stock valued at $4,790,000 after purchasing an additional 218 shares in the last quarter. Equitable Trust Co. boosted its position in Mercury Systems by 5.0% during the fourth quarter. Equitable Trust Co. now owns 7,350 shares of the technology company’s stock valued at $348,000 after purchasing an additional 350 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Mercury Systems by 11.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,545 shares of the technology company’s stock valued at $168,000 after purchasing an additional 363 shares in the last quarter.

NASDAQ MRCY traded down $0.84 during trading on Monday, hitting $72.10. The company’s stock had a trading volume of 2,310 shares, compared to its average volume of 495,189. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.13 and a current ratio of 4.53. The company has a market cap of $3.48 billion, a PE ratio of 63.87, a P/E/G ratio of 4.17 and a beta of 1.10. Mercury Systems Inc has a fifty-two week low of $34.92 and a fifty-two week high of $79.83.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.04. Mercury Systems had a return on equity of 9.24% and a net margin of 6.99%. The business had revenue of $174.60 million during the quarter, compared to the consensus estimate of $165.61 million. During the same quarter last year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 50.1% on a year-over-year basis. On average, sell-side analysts predict that Mercury Systems Inc will post 1.52 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on MRCY shares. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Tuesday, May 14th. BidaskClub downgraded Mercury Systems from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th. Canaccord Genuity reissued a “buy” rating and issued a $76.00 price target (up previously from $64.00) on shares of Mercury Systems in a report on Friday, April 26th. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating in a report on Wednesday, May 1st. Finally, Drexel Hamilton reissued a “buy” rating and issued a $67.00 price target on shares of Mercury Systems in a report on Wednesday, January 30th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $72.50.

In other news, CEO Mark Aslett sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $62.58, for a total value of $312,900.00. Following the completion of the transaction, the chief executive officer now directly owns 367,440 shares in the company, valued at $22,994,395.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Didier M. C. Thibaud sold 39,736 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was 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 owns 298,940 shares of the company’s stock, valued at $18,002,166.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,736 shares of company stock valued at $3,446,102. Company insiders own 2.80% of the company’s stock.

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Mercury Systems Company Profile

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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