Mercury Systems, Inc. (NASDAQ:MRCY) Stock Holdings Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in Mercury Systems, Inc. (NASDAQ:MRCY – Get Rating) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,003 shares of the technology company’s stock after selling 280 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mercury Systems were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MRCY. Starboard Value LP purchased a new position in Mercury Systems in the first quarter valued at about $230,973,000. Victory Capital Management Inc. boosted its stake in shares of Mercury Systems by 8,120.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,059,178 shares of the technology company’s stock worth $68,137,000 after acquiring an additional 1,046,294 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Mercury Systems by 218.0% during the 1st quarter. Invesco Ltd. now owns 720,322 shares of the technology company’s stock worth $46,425,000 after acquiring an additional 493,801 shares in the last quarter. Kensico Capital Management Corp bought a new stake in shares of Mercury Systems during the 2nd quarter worth about $13,509,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Mercury Systems by 95.0% during the 2nd quarter. Principal Financial Group Inc. now owns 376,107 shares of the technology company’s stock worth $24,195,000 after acquiring an additional 183,210 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Mercury Systems Price Performance

NASDAQ MRCY opened at $47.33 on Friday. Mercury Systems, Inc. has a twelve month low of $40.48 and a twelve month high of $72.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.25 and a current ratio of 4.83. The stock has a market capitalization of $2.74 billion, a PE ratio of 788.83, a P/E/G ratio of 21.97 and a beta of 0.97. The stock has a 50-day simple moving average of $47.71 and a 200 day simple moving average of $49.82.

Mercury Systems (NASDAQ:MRCY – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The technology company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm had revenue of $227.58 million during the quarter, compared to analysts’ expectations of $218.40 million. Mercury Systems had a return on equity of 5.51% and a net margin of 0.41%. Research analysts anticipate that Mercury Systems, Inc. will post 1.28 EPS for the current year.

Analysts Set New Price Targets

MRCY has been the subject of several recent analyst reports. StockNews.com upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James initiated coverage on Mercury Systems in a research note on Thursday, October 27th. They set an “outperform” rating and a $55.00 price target for the company. The Goldman Sachs Group decreased their price target on Mercury Systems from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Thursday, October 13th. Finally, Royal Bank of Canada downgraded Mercury Systems from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $66.00 to $54.00 in a research note on Friday, December 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $61.63.

Mercury Systems Company 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.