Conestoga Capital Advisors LLC Has $149.24 Million Stock Position in Mercury Systems Inc (NASDAQ:MRCY)

Conestoga Capital Advisors LLC lifted its stake in shares of Mercury Systems Inc (NASDAQ:MRCY) by 18.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,926,665 shares of the technology company’s stock after acquiring an additional 301,937 shares during the period. Mercury Systems makes up about 3.0% of Conestoga Capital Advisors LLC’s holdings, making the stock its 4th largest holding. Conestoga Capital Advisors LLC’s holdings in Mercury Systems were worth $149,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Standard Life Aberdeen plc boosted its stake in shares of Mercury Systems by 8.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 461,036 shares of the technology company’s stock worth $35,740,000 after acquiring an additional 34,573 shares in the last quarter. Stanley Laman Group Ltd. boosted its stake in shares of Mercury Systems by 8.3% during the 3rd quarter. Stanley Laman Group Ltd. now owns 11,942 shares of the technology company’s stock worth $925,000 after acquiring an additional 915 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Mercury Systems by 0.4% during the 3rd quarter. Retirement Systems of Alabama now owns 156,644 shares of the technology company’s stock worth $12,134,000 after acquiring an additional 563 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Mercury Systems during the 3rd quarter worth about $1,043,000. Finally, Spearhead Capital Advisors LLC boosted its stake in shares of Mercury Systems by 8.9% during the 3rd quarter. Spearhead Capital Advisors LLC now owns 3,058 shares of the technology company’s stock worth $237,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub raised Mercury Systems from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. BofA Securities raised Mercury Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $106.00 in a research report on Friday, August 7th. Bank of America raised Mercury Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $95.00 to $106.00 in a research report on Friday, August 7th. Royal Bank of Canada reissued a “hold” rating and set a $85.00 price objective on shares of Mercury Systems in a research report on Thursday, August 6th. Finally, Goldman Sachs Group raised Mercury Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $81.00 in a research report on Thursday, September 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Mercury Systems has a consensus rating of “Buy” and a consensus target price of $93.11.

In related news, CAO Michelle M. Mccarthy sold 388 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $78.64, for a total transaction of $30,512.32. Following the sale, the chief accounting officer now directly owns 12,136 shares in the company, valued at approximately $954,375.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mark Aslett sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $75.96, for a total value of $113,940.00. Following the sale, the chief executive officer now owns 289,958 shares in the company, valued at $22,025,209.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,196 shares of company stock valued at $9,380,318. 1.90% of the stock is currently owned by insiders.

Mercury Systems stock traded down $0.14 during trading hours on Monday, hitting $77.21. The stock had a trading volume of 108,887 shares, compared to its average volume of 413,554. Mercury Systems Inc has a fifty-two week low of $52.24 and a fifty-two week high of $96.29. The company has a 50-day moving average of $74.84 and a two-hundred day moving average of $78.55. The company has a market cap of $4.32 billion, a PE ratio of 49.49, a price-to-earnings-growth ratio of 3.42 and a beta of 1.00.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 4th. The technology company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.15. Mercury Systems had a return on equity of 7.92% and a net margin of 10.76%. The business had revenue of $217.40 million during the quarter, compared to analysts’ expectations of $212.43 million. During the same period in the prior year, the firm posted $0.47 EPS. Mercury Systems’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities analysts anticipate that Mercury Systems Inc will post 1.82 earnings per share for the current fiscal year.

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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