Mercury Systems Inc (NASDAQ:MRCY) Shares Sold by Renaissance Technologies LLC
Renaissance Technologies LLC lowered its position in Mercury Systems Inc (NASDAQ:MRCY) by 82.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,167 shares of the technology company’s stock after selling 416,868 shares during the period. Renaissance Technologies LLC’s holdings in Mercury Systems were worth $3,482,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Flinton Capital Management LLC boosted its position in 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. Ameritas Investment Partners Inc. purchased a new stake in shares of Mercury Systems during the first quarter worth about $153,000. First Mercantile Trust Co. purchased a new stake in shares of Mercury Systems during the first quarter worth about $159,000. LS Investment Advisors LLC boosted its stake in shares of Mercury Systems by 219.1% in the first quarter. LS Investment Advisors LLC now owns 4,799 shares of the technology company’s stock worth $187,000 after buying an additional 3,295 shares in the last quarter. Finally, Westpac Banking Corp purchased a new stake in shares of Mercury Systems during the first quarter worth about $199,000. Institutional investors and hedge funds own 98.66% of the company’s stock.
Shares of Mercury Systems Inc (NASDAQ:MRCY) traded up 0.45% during midday trading on Thursday, hitting $44.60. The stock had a trading volume of 16,830 shares. Mercury Systems Inc has a 52 week low of $21.52 and a 52 week high of $45.18. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 76.90 and a beta of 0.39. The stock’s 50-day moving average price is $43.17 and its 200 day moving average price is $39.33.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $115.60 million during the quarter, compared to the consensus estimate of $115.11 million. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. Mercury Systems’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. On average, equities analysts forecast that Mercury Systems Inc will post $1.24 earnings per share for the current year.
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MRCY has been the subject of a number of research analyst reports. Zacks Investment Research cut Mercury Systems from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, April 27th. BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $43.00 price objective on shares of Mercury Systems in a report on Wednesday, May 31st. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Mercury Systems has an average rating of “Buy” and an average target price of $43.00.
In related news, insider Mark Aslett sold 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $38.04, for a total value of $357,576.00. Following the completion of the transaction, the insider now directly owns 538,249 shares of the company’s stock, valued at approximately $20,474,991.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Charles A. Speicher sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $44.09, for a total transaction of $308,630.00. Following the completion of the transaction, the vice president now directly owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,600 shares of company stock valued at $1,432,286. 4.30% of the stock is owned by insiders.
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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