Hanseatic Management Services Inc. lifted its holdings in shares of Mercury Systems Inc (NASDAQ:MRCY) by 6,181.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,648 shares of the technology company’s stock after purchasing an additional 4,574 shares during the period. Hanseatic Management Services Inc.’s holdings in Mercury Systems were worth $298,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Mercury Systems during the 4th quarter valued at $22,017,000. Oregon Public Employees Retirement Fund purchased a new stake in Mercury Systems during the 4th quarter valued at $870,000. Emerald Mutual Fund Advisers Trust boosted its position in Mercury Systems by 59.0% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 538,734 shares of the technology company’s stock valued at $25,477,000 after buying an additional 199,820 shares during the period. Tibra Equities Europe Ltd boosted its position in Mercury Systems by 178.0% during the 1st quarter. Tibra Equities Europe Ltd now owns 34,200 shares of the technology company’s stock valued at $2,192,000 after buying an additional 21,900 shares during the period. Finally, Nomura Holdings Inc. boosted its position in Mercury Systems by 786.6% during the 4th quarter. Nomura Holdings Inc. now owns 42,513 shares of the technology company’s stock valued at $2,006,000 after buying an additional 37,718 shares during the period. 96.84% of the stock is currently owned by institutional investors.
In other news, COO Didier M. C. Thibaud sold 39,736 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 298,940 shares of the company’s stock, valued at approximately $18,002,166.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Aslett sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $74.03, for a total transaction of $740,300.00. Following the completion of the sale, the insider now directly owns 357,440 shares of the company’s stock, valued at $26,461,283.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,736 shares of company stock valued at $3,446,102. Corporate insiders own 2.80% of the company’s stock.
Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, April 30th. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Mercury Systems had a net margin of 6.99% and a return on equity of 9.24%. The firm had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $165.61 million. During the same period last year, the company posted $0.30 EPS. The company’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, equities research analysts forecast that Mercury Systems Inc will post 1.52 EPS for the current fiscal year.
MRCY has been the subject of several analyst reports. Canaccord Genuity reissued a “buy” rating and set a $76.00 price target (up previously from $64.00) on shares of Mercury Systems in a research report on Friday, April 26th. BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. SunTrust Banks increased their price target on shares of Mercury Systems to $63.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Zacks Investment Research cut shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Drexel Hamilton reissued a “buy” rating and set a $67.00 price target on shares of Mercury Systems in a research report on Wednesday, January 30th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $72.50.
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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