Swiss National Bank Has $7.75 Million Position in Mercury Systems, Inc. (NASDAQ:MRCY)

Swiss National Bank lessened its stake in Mercury Systems, Inc. (NASDAQ:MRCYGet Rating) by 10.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 120,400 shares of the technology company’s stock after selling 13,500 shares during the period. Swiss National Bank’s holdings in Mercury Systems were worth $7,745,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MRCY. Mutual of America Capital Management LLC grew its position in shares of Mercury Systems by 2.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 51,053 shares of the technology company’s stock valued at $3,290,000 after buying an additional 1,079 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Mercury Systems by 4.5% in the 1st quarter. California Public Employees Retirement System now owns 116,898 shares of the technology company’s stock valued at $7,534,000 after buying an additional 5,006 shares during the last quarter. WCM Investment Management LLC grew its position in shares of Mercury Systems by 23.5% in the 1st quarter. WCM Investment Management LLC now owns 222,351 shares of the technology company’s stock valued at $14,331,000 after buying an additional 42,330 shares during the last quarter. M&T Bank Corp grew its position in shares of Mercury Systems by 4.6% in the 1st quarter. M&T Bank Corp now owns 17,490 shares of the technology company’s stock valued at $1,127,000 after buying an additional 768 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Mercury Systems by 7.8% in the 1st quarter. Teacher Retirement System of Texas now owns 11,603 shares of the technology company’s stock valued at $748,000 after buying an additional 841 shares during the last quarter. Institutional investors own 97.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MRCY shares. The Goldman Sachs Group reduced their price target on Mercury Systems from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, October 13th. Robert W. Baird reduced their price target on Mercury Systems from $72.00 to $58.00 in a research report on Wednesday, August 3rd. Royal Bank of Canada cut their target price on Mercury Systems from $72.00 to $66.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Raymond James assumed coverage on Mercury Systems in a research report on Thursday, October 27th. They set an “outperform” rating and a $55.00 target price on the stock. Finally, StockNews.com assumed coverage on Mercury Systems in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Mercury Systems presently has a consensus rating of “Moderate Buy” and an average price target of $63.13.

Insiders Place Their Bets

In other Mercury Systems news, EVP Thomas Huber sold 2,584 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $46.45, for a total value of $120,026.80. Following the transaction, the executive vice president now owns 67,455 shares in the company, valued at $3,133,284.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mercury Systems news, EVP Thomas Huber sold 2,584 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $46.45, for a total value of $120,026.80. Following the transaction, the executive vice president now owns 67,455 shares in the company, valued at $3,133,284.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP James Mitch Stevison sold 1,691 shares of the stock in a transaction that occurred on Saturday, October 15th. The stock was sold at an average price of $42.89, for a total value of $72,526.99. Following the completion of the transaction, the executive vice president now owns 59,501 shares in the company, valued at approximately $2,551,997.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,743 shares of company stock worth $216,759. Corporate insiders own 2.10% of the company’s stock.

Mercury Systems Stock Down 2.6 %

Shares of NASDAQ:MRCY opened at $49.49 on Wednesday. The business’s 50 day simple moving average is $46.44 and its two-hundred day simple moving average is $52.97. The firm has a market cap of $2.87 billion, a P/E ratio of 824.83, a PEG ratio of 23.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.25 and a current ratio of 4.83. Mercury Systems, Inc. has a 52-week low of $40.48 and a 52-week high of $72.28.

Mercury Systems Profile

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Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.

See Also

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

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