Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Mercury Systems Inc (MRCY)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Mercury Systems Inc (NASDAQ:MRCY) by 11.4% during the fourth quarter, HoldingsChannel reports. The firm owned 3,545 shares of the technology company’s stock after purchasing an additional 363 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mercury Systems were worth $168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Man Group plc raised its holdings in shares of Mercury Systems by 476.9% in the 3rd quarter. Man Group plc now owns 86,107 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 71,180 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Mercury Systems by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,640,926 shares of the technology company’s stock worth $256,735,000 after purchasing an additional 114,329 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Mercury Systems by 15.2% in the 3rd quarter. William Blair Investment Management LLC now owns 282,735 shares of the technology company’s stock worth $15,641,000 after purchasing an additional 37,329 shares in the last quarter. Capital Management Associates NY purchased a new position in shares of Mercury Systems in the third quarter worth approximately $387,000. Finally, BlackRock Inc. increased its position in shares of Mercury Systems by 0.5% in the third quarter. BlackRock Inc. now owns 8,319,573 shares of the technology company’s stock worth $460,238,000 after acquiring an additional 45,037 shares in the last quarter.

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In related news, insider Mark Aslett sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $58.55, for a total transaction of $585,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 30,000 shares of company stock worth $1,542,300. 2.80% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the stock. Drexel Hamilton set a $58.00 target price on shares of Mercury Systems and gave the stock a “buy” rating in a research report on Wednesday, October 31st. ValuEngine downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 10th. SunTrust Banks lifted their target price on shares of Mercury Systems to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. Finally, Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Saturday, February 2nd. 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 given a strong buy rating to the company’s stock. Mercury Systems currently has an average rating of “Buy” and an average price target of $56.67.

Shares of Mercury Systems stock traded down $0.16 during trading on Thursday, hitting $61.84. The stock had a trading volume of 2,196 shares, compared to its average volume of 351,615. The company has a market cap of $3.00 billion, a P/E ratio of 55.06, a price-to-earnings-growth ratio of 3.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.29 and a quick ratio of 2.93. Mercury Systems Inc has a 1 year low of $30.11 and a 1 year high of $63.51.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, January 29th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. The business had revenue of $159.09 million for the quarter, compared to the consensus estimate of $154.45 million. Mercury Systems had a net margin of 5.88% and a return on equity of 8.31%. On average, analysts expect that Mercury Systems Inc will post 1.48 EPS for the current fiscal year.

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Mercury Systems 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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