Lebenthal Lisanti Capital Growth LLC Has $1.05 Million Stake in Mercury Systems Inc (NASDAQ:MRCY)
Lebenthal Lisanti Capital Growth LLC boosted its stake in Mercury Systems Inc (NASDAQ:MRCY) by 30.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,050 shares of the technology company’s stock after buying an additional 5,785 shares during the period. Lebenthal Lisanti Capital Growth LLC’s holdings in Mercury Systems were worth $1,054,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MRCY. BlackRock Inc. increased its position in shares of Mercury Systems by 242,823.0% in the first quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock valued at $259,540,000 after buying an additional 6,643,636 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Mercury Systems by 920.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,231,176 shares of the technology company’s stock valued at $48,077,000 after buying an additional 1,110,474 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Mercury Systems during the first quarter valued at approximately $35,579,000. Vanguard Group Inc. increased its position in shares of Mercury Systems by 21.6% in the first quarter. Vanguard Group Inc. now owns 3,938,032 shares of the technology company’s stock valued at $153,780,000 after buying an additional 700,484 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Mercury Systems by 1,334.8% in the first quarter. Alliancebernstein L.P. now owns 627,008 shares of the technology company’s stock valued at $24,485,000 after buying an additional 583,308 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.
Shares of Mercury Systems Inc (NASDAQ:MRCY) opened at 44.23 on Friday. Mercury Systems Inc has a 12-month low of $21.52 and a 12-month high of $44.92. The company has a market cap of $2.04 billion, a PE ratio of 76.26 and a beta of 0.39. The company has a 50-day moving average of $42.18 and a 200 day moving average of $38.87.
Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The business had revenue of $115.60 million for the quarter, compared to analyst estimates of $115.11 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business’s revenue was up 35.3% compared to the same quarter last year. On average, equities research analysts expect that Mercury Systems Inc will post $1.24 EPS for the current year.
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MRCY has been the topic of several analyst reports. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, April 20th. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 15th. BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price target on shares of Mercury Systems in a report on Wednesday, May 31st. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.00.
In other Mercury Systems news, COO Didier M. C. Thibaud sold 30,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $40.41, for a total value of $1,212,300.00. Following the sale, the chief operating officer now owns 418,694 shares in the company, valued at $16,919,424.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark Aslett sold 9,400 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $38.04, for a total value of $357,576.00. Following the completion of the sale, the insider now owns 538,249 shares in the company, valued at approximately $20,474,991.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,600 shares of company stock worth $2,335,956. Insiders own 4.30% of the company’s stock.
Mercury Systems Company 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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