Granite Investment Partners LLC lifted its position in Mercury Systems Inc (NASDAQ:MRCY) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415,466 shares of the technology company’s stock after acquiring an additional 17,622 shares during the period. Mercury Systems makes up approximately 1.3% of Granite Investment Partners LLC’s holdings, making the stock its 6th biggest holding. Granite Investment Partners LLC owned 0.86% of Mercury Systems worth $21,554,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its position 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 valued at $1,055,000 after acquiring an additional 100 shares during the period. Thrivent Financial For Lutherans increased its stake in Mercury Systems by 8.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 29,020 shares of the technology company’s stock worth $1,221,000 after purchasing an additional 2,230 shares in the last quarter. Aperio Group LLC increased its stake in Mercury Systems by 40.9% during the 2nd quarter. Aperio Group LLC now owns 8,205 shares of the technology company’s stock worth $345,000 after purchasing an additional 2,381 shares in the last quarter. KBC Group NV bought a new stake in Mercury Systems during the 2nd quarter worth approximately $1,397,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Mercury Systems by 21.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 194,791 shares of the technology company’s stock worth $7,607,000 after purchasing an additional 34,105 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

A number of research firms recently issued reports on MRCY. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. SunTrust Banks, Inc. reissued a “buy” rating and set a $51.00 target price on shares of Mercury Systems in a research note on Monday, October 2nd. Jefferies Group LLC reissued a “hold” rating and set a $45.00 target price on shares of Mercury Systems in a research note on Wednesday, August 2nd. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Robert W. Baird reissued a “buy” rating and set a $48.00 target price on shares of Mercury Systems in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Mercury Systems presently has an average rating of “Buy” and a consensus target price of $51.17.

In other news, CEO Mark Aslett sold 4,800 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $47.42, for a total transaction of $227,616.00. Following the completion of the transaction, the chief executive officer now directly owns 519,382 shares of the company’s stock, valued at approximately $24,629,094.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $51.94, for a total transaction of $129,850.00. Following the transaction, the chief financial officer now directly owns 220,760 shares of the company’s stock, valued at $11,466,274.40. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock valued at $2,007,945 over the last ninety days. Company insiders own 3.50% of the company’s stock.

Shares of Mercury Systems Inc (NASDAQ MRCY) traded down $0.55 on Monday, hitting $50.68. 277,800 shares of the stock traded hands, compared to its average volume of 420,974. The company has a market cap of $2,444.88, a PE ratio of 54.49, a P/E/G ratio of 3.98 and a beta of 0.22. Mercury Systems Inc has a one year low of $29.11 and a one year high of $54.49.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.11. The company had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The business’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. analysts anticipate that Mercury Systems Inc will post 1.08 earnings per share for the current fiscal year.

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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.

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

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