Teachers Retirement System of The State of Kentucky increased its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 18.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the technology company’s stock after buying an additional 2,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mercury Systems were worth $631,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Arizona State Retirement System lifted its position in Mercury Systems by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after buying an additional 100 shares in the last quarter. Wrapmanager Inc. lifted its position in Mercury Systems by 3.5% during the 2nd quarter. Wrapmanager Inc. now owns 6,126 shares of the technology company’s stock worth $258,000 after buying an additional 205 shares in the last quarter. Amalgamated Bank lifted its position in Mercury Systems by 5.4% during the 2nd quarter. Amalgamated Bank now owns 6,290 shares of the technology company’s stock worth $265,000 after buying an additional 321 shares in the last quarter. Texas Permanent School Fund lifted its position in Mercury Systems by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 35,040 shares of the technology company’s stock worth $1,475,000 after buying an additional 328 shares in the last quarter. Finally, LS Investment Advisors LLC lifted its position in Mercury Systems by 7.7% during the 2nd quarter. LS Investment Advisors LLC now owns 5,169 shares of the technology company’s stock worth $218,000 after buying an additional 370 shares in the last quarter. Institutional investors and hedge funds own 96.43% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/10/17/teachers-retirement-system-of-the-state-of-kentucky-raises-position-in-mercury-systems-inc-mrcy.html.

In other news, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $47.32, for a total transaction of $454,272.00. Following the sale, the insider now directly owns 519,382 shares in the company, valued at $24,577,156.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gerald M. Haines II sold 2,500 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $51.94, for a total value of $129,850.00. Following the sale, the chief financial officer now owns 220,760 shares in the company, valued at $11,466,274.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,900 shares of company stock worth $1,120,368. Company insiders own 3.50% of the company’s stock.

Mercury Systems Inc (NASDAQ:MRCY) opened at 51.71 on Tuesday. Mercury Systems Inc has a 52-week low of $22.31 and a 52-week high of $53.56. The firm’s 50-day moving average is $49.63 and its 200-day moving average is $43.36. The firm has a market capitalization of $2.49 billion, a P/E ratio of 89.16 and a beta of 0.41.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $115.60 million for 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%. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. On average, equities analysts expect that Mercury Systems Inc will post $1.24 earnings per share for the current year.

MRCY has been the topic of several research reports. Zacks Investment Research downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. BidaskClub upgraded shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $43.00 price target on shares of Mercury Systems in a research report on Friday, July 7th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $51.00 price target on shares of Mercury Systems in a research report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.50.

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.

Want to see what other hedge funds are holding MRCY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mercury Systems Inc (NASDAQ:MRCY).

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

Receive News & Ratings for Mercury Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems Inc and related companies with MarketBeat.com's FREE daily email newsletter.