LS Investment Advisors LLC raised its position in Mercury Systems Inc (NASDAQ:MRCY) by 7.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,169 shares of the technology company’s stock after buying an additional 370 shares during the period. LS Investment Advisors LLC’s holdings in Mercury Systems were worth $218,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Mercury Systems by 29.2% in the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after buying an additional 556 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Mercury Systems by 18.6% in the first quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock worth $110,000 after buying an additional 442 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Mercury Systems during the first quarter worth about $116,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Mercury Systems during the first quarter worth about $153,000. Finally, First Mercantile Trust Co. acquired a new stake in shares of Mercury Systems during the first quarter worth about $159,000. 98.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Mercury Systems Inc (NASDAQ MRCY) traded down 0.29% during mid-day trading on Monday, hitting $44.10. The company had a trading volume of 74,103 shares. The company has a market cap of $2.04 billion, a PE ratio of 76.03 and a beta of 0.39. Mercury Systems Inc has a 12 month low of $21.52 and a 12 month high of $44.92. The firm 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The firm had revenue of $115.60 million during the quarter, compared to analyst estimates of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. On average, analysts expect that Mercury Systems Inc will post $1.24 EPS for the current year.

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A number of analysts recently issued reports on the company. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and set a $39.00 price objective (up from $30.00) on shares of Mercury Systems in a research report on Saturday, April 29th. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Mercury Systems presently has an average rating of “Buy” and a consensus price target of $43.00.

In related news, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $40.26, for a total value of $386,496.00. Following the completion of the transaction, the insider now directly owns 557,449 shares in the company, valued at $22,442,896.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 28,600 shares of company stock valued at $1,123,656 over the last quarter. Insiders own 4.30% of the company’s stock.

About Mercury Systems

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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Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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