Royce & Associates LP reduced its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 47.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,884 shares of the technology company’s stock after selling 222,700 shares during the period. Royce & Associates LP owned 0.50% of Mercury Systems worth $12,549,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Mercury Systems by 4.6% in the second quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after purchasing an additional 180,028 shares during the period. Wells Fargo & Company MN increased its stake in shares of Mercury Systems by 2.8% in the third quarter. Wells Fargo & Company MN now owns 2,292,917 shares of the technology company’s stock worth $118,956,000 after purchasing an additional 62,496 shares during the period. State Street Corp increased its stake in shares of Mercury Systems by 13.2% in the second quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock worth $70,906,000 after purchasing an additional 196,075 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Mercury Systems by 5.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,293,723 shares of the technology company’s stock worth $54,453,000 after purchasing an additional 62,547 shares during the period. Finally, Bamco Inc. NY increased its stake in shares of Mercury Systems by 0.8% in the second quarter. Bamco Inc. NY now owns 1,126,000 shares of the technology company’s stock worth $47,393,000 after purchasing an additional 9,000 shares during the period. Institutional investors own 96.38% of the company’s stock.
Mercury Systems Inc (MRCY) opened at $48.12 on Wednesday. Mercury Systems Inc has a 12 month low of $29.31 and a 12 month high of $54.49. The stock has a market capitalization of $2,320.00, a PE ratio of 55.02, a P/E/G ratio of 4.25 and a beta of 0.23.
A number of equities analysts have recently commented on MRCY shares. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. SunTrust Banks reiterated a “buy” rating on shares of Mercury Systems in a research note on Friday, October 20th. Robert W. Baird boosted their price target on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Zacks Investment Research lowered Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Finally, BidaskClub lowered Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.17.
In other Mercury Systems news, CEO Mark Aslett sold 4,800 shares of Mercury Systems stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $49.92, for a total transaction of $239,616.00. Following the sale, the chief executive officer now directly owns 509,782 shares of the company’s stock, valued at $25,448,317.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $51.94, for a total value of $129,850.00. Following the sale, the chief financial officer now directly owns 220,760 shares in the company, valued at $11,466,274.40. The disclosure for this sale can be found here. Insiders have sold 50,500 shares of company stock worth $2,578,949 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.
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Mercury Systems Profile
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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