Amalgamated Bank Has $265,000 Stake in Mercury Systems Inc (MRCY)

Amalgamated Bank raised its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,290 shares of the technology company’s stock after buying an additional 321 shares during the quarter. Amalgamated Bank’s holdings in Mercury Systems were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System grew its position in shares of 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 during the period. Wrapmanager Inc. grew its position in shares of 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 during the period. Texas Permanent School Fund grew its position in shares of 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 during the period. LS Investment Advisors LLC grew its position in shares of 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 during the period. Finally, Bank of Montreal Can grew its position in shares of Mercury Systems by 29.2% during the 2nd 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 period. Institutional investors own 96.43% of the company’s stock.

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In related news, CEO Mark Aslett sold 4,800 shares of Mercury Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $47.42, for a total transaction of $227,616.00. Following the transaction, the chief executive officer now owns 519,382 shares of the company’s stock, valued at $24,629,094.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $51.94, for a total value of $129,850.00. Following the transaction, the chief financial officer now directly owns 220,760 shares in the company, valued at approximately $11,466,274.40. The disclosure for this sale can be found here. Insiders sold 23,900 shares of company stock valued at $1,120,368 in the last three months. Insiders own 3.50% of the company’s stock.

MRCY has been the subject of several research analyst reports. BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, July 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 price objective on shares of Mercury Systems in a research report on Friday, July 7th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $51.00 price objective on shares of Mercury Systems in a research report on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Mercury Systems has an average rating of “Buy” and a consensus target price of $45.50.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The firm had revenue of $115.60 million during the quarter, compared to analysts’ expectations of $115.11 million. During the same quarter last year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up 35.3% compared to the same quarter last year.

Mercury Systems Company 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.

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

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