SG Americas Securities LLC Invests $3.20 Million in Mercury Systems Inc (MRCY) Stock

SG Americas Securities LLC acquired a new position in Mercury Systems Inc (NASDAQ:MRCY) in the 4th quarter, HoldingsChannel reports. The firm acquired 67,584 shares of the technology company’s stock, valued at approximately $3,196,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust increased its stake in shares of Mercury Systems by 59.0% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 538,734 shares of the technology company’s stock worth $25,477,000 after acquiring an additional 199,820 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of Mercury Systems by 52.6% in the 4th quarter. Emerald Advisers LLC now owns 572,731 shares of the technology company’s stock worth $27,084,000 after acquiring an additional 197,460 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in shares of Mercury Systems by 16.0% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,311,985 shares of the technology company’s stock worth $72,579,000 after acquiring an additional 181,345 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of Mercury Systems by 108.4% in the 3rd quarter. Eagle Boston Investment Management Inc. now owns 300,566 shares of the technology company’s stock worth $16,627,000 after acquiring an additional 156,368 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Mercury Systems by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,819,829 shares of the technology company’s stock worth $69,263,000 after acquiring an additional 129,799 shares in the last quarter.

In related news, insider Mark Aslett sold 10,000 shares of the stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $48.40, for a total transaction of $484,000.00. Following the sale, the insider now directly owns 387,440 shares of the company’s stock, valued at approximately $18,752,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 30,000 shares of company stock worth $1,542,300 over the last three months. 2.80% of the stock is currently owned by insiders.

Several brokerages recently issued reports on MRCY. BidaskClub upgraded shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday. ValuEngine upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Drexel Hamilton reiterated a “buy” rating and issued a $67.00 price target on shares of Mercury Systems in a research note on Wednesday, January 30th. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research note on Saturday, February 2nd. Finally, SunTrust Banks increased their price target on shares of Mercury Systems to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $56.67.

Shares of MRCY stock opened at $62.80 on Friday. Mercury Systems Inc has a one year low of $30.11 and a one year high of $63.51. The stock has a market cap of $3.05 billion, a P/E ratio of 55.58, a PEG ratio of 3.72 and a beta of 1.03. The company has a current ratio of 4.29, a quick ratio of 2.94 and a debt-to-equity ratio of 0.30.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, January 29th. The technology company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Mercury Systems had a net margin of 5.88% and a return on equity of 8.31%. The company had revenue of $159.09 million for the quarter, compared to the consensus estimate of $154.45 million. On average, analysts forecast that Mercury Systems Inc will post 1.48 EPS for the current year.

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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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