EAM Investors LLC lowered its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,932 shares of the technology company’s stock after selling 5,609 shares during the period. EAM Investors LLC owned about 0.17% of Mercury Systems worth $3,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of Mercury Systems by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 100 shares during the last quarter. Wrapmanager Inc. grew its stake in shares of Mercury Systems by 3.5% in the 2nd quarter. Wrapmanager Inc. now owns 6,126 shares of the technology company’s stock worth $258,000 after purchasing an additional 205 shares during the last quarter. Profund Advisors LLC grew its stake in shares of Mercury Systems by 2.9% in the 1st quarter. Profund Advisors LLC now owns 8,143 shares of the technology company’s stock worth $318,000 after purchasing an additional 230 shares during the last quarter. Amalgamated Bank grew its stake in shares of Mercury Systems by 5.4% in the 2nd quarter. Amalgamated Bank now owns 6,290 shares of the technology company’s stock worth $265,000 after purchasing an additional 321 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Mercury Systems by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 35,040 shares of the technology company’s stock worth $1,475,000 after purchasing an additional 328 shares during the last quarter. 96.43% of the stock is currently owned by institutional investors.

In other news, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the sale, the vice president now directly owns 36,983 shares of the company’s stock, valued at approximately $1,630,580.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mark Aslett sold 4,800 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $47.42, for a total value of $227,616.00. Following the completion of the sale, the chief executive officer now directly owns 519,382 shares of the company’s stock, valued at $24,629,094.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,400 shares of company stock valued at $990,518. 3.50% of the stock is currently owned by company insiders.

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Mercury Systems Inc (NASDAQ:MRCY) opened at 49.33 on Monday. Mercury Systems Inc has a one year low of $22.31 and a one year high of $49.98. The firm has a market capitalization of $2.37 billion, a PE ratio of 85.05 and a beta of 0.42. The firm has a 50 day moving average of $46.64 and a 200 day moving average of $41.72.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $115.60 million during the quarter, compared to analysts’ expectations of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. Mercury Systems’s revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. Equities analysts forecast that Mercury Systems Inc will post $1.24 EPS for the current year.

Several equities analysts have recently issued reports on the stock. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research note on Wednesday, August 2nd. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.00.

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.

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

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