Brinker Capital Inc. Purchases New Holdings in Mercury Systems Inc (NASDAQ:MRCY)

Brinker Capital Inc. purchased a new stake in Mercury Systems Inc (NASDAQ:MRCY) in the third quarter, HoldingsChannel reports. The firm purchased 5,643 shares of the technology company’s stock, valued at approximately $458,000.

Several other institutional investors also recently modified their holdings of the stock. Strs Ohio increased its holdings in shares of Mercury Systems by 25.0% in the third quarter. Strs Ohio now owns 8,000 shares of the technology company’s stock valued at $649,000 after purchasing an additional 1,600 shares in the last quarter. Tuttle Tactical Management acquired a new stake in shares of Mercury Systems in the third quarter valued at approximately $314,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Mercury Systems by 7.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,505 shares of the technology company’s stock valued at $285,000 after purchasing an additional 240 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Mercury Systems by 3.6% in the third quarter. Envestnet Asset Management Inc. now owns 24,554 shares of the technology company’s stock valued at $1,993,000 after purchasing an additional 849 shares in the last quarter. Finally, Landsberg Bennett & Dubbaneh LLC acquired a new stake in shares of Mercury Systems in the third quarter valued at approximately $1,202,000. 95.17% of the stock is owned by institutional investors and hedge funds.

MRCY opened at $72.30 on Tuesday. The company has a fifty day moving average price of $77.72 and a two-hundred day moving average price of $74.65. Mercury Systems Inc has a 52 week low of $41.16 and a 52 week high of $89.44. The firm has a market capitalization of $4.07 billion, a PE ratio of 47.57, a P/E/G ratio of 3.67 and a beta of 1.08.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.11. Mercury Systems had a net margin of 7.14% and a return on equity of 8.11%. The firm had revenue of $176.96 million during the quarter, compared to analyst estimates of $171.98 million. During the same quarter in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. Equities analysts forecast that Mercury Systems Inc will post 1.72 earnings per share for the current fiscal year.

In other Mercury Systems news, CEO Mark Aslett sold 6,250 shares of Mercury Systems stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.53, for a total transaction of $459,562.50. Following the completion of the sale, the chief executive officer now owns 353,563 shares of the company’s stock, valued at approximately $25,997,487.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher C. Cambria sold 10,000 shares of Mercury Systems stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $88.61, for a total transaction of $886,100.00. Following the sale, the executive vice president now directly owns 67,152 shares of the company’s stock, valued at approximately $5,950,338.72. The disclosure for this sale can be found here. Insiders have sold a total of 80,038 shares of company stock valued at $6,690,729 in the last ninety days. Company insiders own 2.10% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Mercury Systems from a “hold” rating to a “buy” rating in a report on Tuesday, September 17th. Bank of America raised shares of Mercury Systems from an “underperform” rating to a “neutral” rating and raised their price target for the company from $50.00 to $85.00 in a report on Friday, August 9th. ValuEngine lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group assumed coverage on shares of Mercury Systems in a report on Friday, August 16th. They issued a “neutral” rating and a $75.00 price target for the company. Finally, Zacks Investment Research raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mercury Systems has an average rating of “Buy” and a consensus price target of $73.50.

Mercury Systems Company Profile

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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