Taylor Wealth Management Partners Reduces Holdings in Mercury Systems Inc (MRCY)

Taylor Wealth Management Partners cut its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 222,678 shares of the technology company’s stock after selling 2,632 shares during the quarter. Mercury Systems comprises 6.1% of Taylor Wealth Management Partners’ portfolio, making the stock its 5th biggest position. Taylor Wealth Management Partners’ holdings in Mercury Systems were worth $10,530,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Mercury Systems by 8.9% in the second quarter. BlackRock Inc. now owns 8,274,536 shares of the technology company’s stock valued at $314,928,000 after buying an additional 672,821 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of Mercury Systems by 59.7% in the second quarter. Glenmede Trust Co. NA now owns 1,130,014 shares of the technology company’s stock valued at $43,008,000 after buying an additional 422,612 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Mercury Systems by 16.0% in the third quarter. Conestoga Capital Advisors LLC now owns 1,311,985 shares of the technology company’s stock valued at $72,579,000 after buying an additional 181,345 shares in the last quarter. FMR LLC grew its stake in shares of Mercury Systems by 54.4% in the second quarter. FMR LLC now owns 499,400 shares of the technology company’s stock valued at $19,007,000 after buying an additional 176,000 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Mercury Systems by 27.4% in the second quarter. Bank of America Corp DE now owns 728,334 shares of the technology company’s stock valued at $27,720,000 after buying an additional 156,746 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

MRCY traded down $0.01 on Monday, reaching $48.10. The company’s stock had a trading volume of 100 shares, compared to its average volume of 260,138. The company has a market capitalization of $2.29 billion, a P/E ratio of 42.23, a P/E/G ratio of 2.91 and a beta of 0.88. Mercury Systems Inc has a 1 year low of $30.11 and a 1 year high of $57.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.94 and a current ratio of 4.40.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, October 30th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $144.10 million during the quarter, compared to the consensus estimate of $139.12 million. Mercury Systems had a return on equity of 6.97% and a net margin of 5.72%. Mercury Systems’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share. As a group, equities research analysts forecast that Mercury Systems Inc will post 1.41 earnings per share for the current fiscal year.

In related news, insider Mark Aslett sold 10,000 shares of the stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $45.81, for a total value of $458,100.00. Following the completion of the transaction, the insider now owns 407,440 shares of the company’s stock, valued at $18,664,826.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 30,000 shares of company stock valued at $1,414,900 in the last three months. 2.80% of the stock is currently owned by company insiders.

MRCY has been the subject of a number of recent research reports. BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 29th. Canaccord Genuity initiated coverage on Mercury Systems in a research note on Thursday, October 4th. They issued a “buy” rating and a $64.00 target price for the company. ValuEngine lowered Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Drexel Hamilton set a $58.00 target price on Mercury Systems and gave the company a “buy” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Mercury Systems presently has a consensus rating of “Hold” and a consensus price target of $52.67.

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About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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

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