Parametrica Management Ltd Sells 1,802 Shares of Mercury Systems Inc (MRCY)

Parametrica Management Ltd trimmed its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 28.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,474 shares of the technology company’s stock after selling 1,802 shares during the quarter. Parametrica Management Ltd’s holdings in Mercury Systems were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MRCY. UBS Asset Management Americas Inc. boosted its holdings in Mercury Systems by 106.3% during the first quarter. UBS Asset Management Americas Inc. now owns 15,468 shares of the technology company’s stock valued at $604,000 after purchasing an additional 7,970 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Mercury Systems in the 1st quarter worth approximately $227,000. FMR LLC boosted its holdings in shares of Mercury Systems by 116.3% in the 1st quarter. FMR LLC now owns 351,093 shares of the technology company’s stock worth $13,710,000 after acquiring an additional 188,800 shares in the last quarter. Teachers Advisors LLC boosted its holdings in shares of Mercury Systems by 26.2% in the 1st quarter. Teachers Advisors LLC now owns 80,884 shares of the technology company’s stock worth $3,159,000 after acquiring an additional 16,816 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Mercury Systems by 10.8% in the 1st quarter. California Public Employees Retirement System now owns 46,100 shares of the technology company’s stock worth $1,800,000 after acquiring an additional 4,500 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Mercury Systems Inc (NASDAQ MRCY) opened at $51.26 on Friday. Mercury Systems Inc has a 1 year low of $25.69 and a 1 year high of $54.49. The firm has a market cap of $2,472.83, a P/E ratio of 55.12, a P/E/G ratio of 4.02 and a beta of 0.22.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data 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. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The firm had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. During the same quarter in the previous year, the company posted $0.22 EPS. Mercury Systems’s revenue was up 21.1% on a year-over-year basis. equities analysts forecast that Mercury Systems Inc will post 1.08 earnings per share for the current year.

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Several research analysts have recently commented on MRCY shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $51.00 target price on shares of Mercury Systems in a report on Monday, October 2nd. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Robert W. Baird reissued a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a report on Tuesday, October 24th. Zacks Investment Research downgraded Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $45.00 target price on shares of Mercury Systems in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $51.17.

In related news, VP Charles A. Speicher sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the transaction, the vice president now owns 36,983 shares in the company, valued at approximately $1,630,580.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Aslett sold 4,800 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 519,382 shares of the company’s stock, valued at approximately $24,629,094.44. The disclosure for this sale can be found here. Insiders sold a total of 34,700 shares of company stock valued at $1,662,199 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

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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