Today The Wrapmanager Inc. Buys Shares of 8,216 Mercury Systems Inc (MRCY)

Today The Wrapmanager Inc. Buys Shares of 8,216 Mercury Systems Inc (MRCY)

Wrapmanager Inc. bought a new stake in Mercury Systems Inc (NASDAQ:MRCY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,216 shares of the company’s stock, valued at approximately $248,000.

A number of other large investors also recently modified their holdings of MRCY. Neuberger Berman Group LLC boosted its stake in shares of Mercury Systems by 0.5% in the third quarter. Neuberger Berman Group LLC now owns 1,700,102 shares of the company’s stock valued at $41,772,000 after buying an additional 8,780 shares in the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of Mercury Systems during the third quarter valued at about $4,541,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Mercury Systems during the second quarter valued at about $10,714,000. US Bancorp DE boosted its stake in shares of Mercury Systems by 4.4% in the third quarter. US Bancorp DE now owns 7,852 shares of the company’s stock valued at $193,000 after buying an additional 332 shares in the last quarter. Finally, ACK Asset Management LLC boosted its stake in shares of Mercury Systems by 6.4% in the third quarter. ACK Asset Management LLC now owns 1,182,241 shares of the company’s stock valued at $29,048,000 after buying an additional 70,841 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

Shares of Mercury Systems Inc (NASDAQ:MRCY) traded down 2.49% on Wednesday, hitting $33.22. 294,665 shares of the stock traded hands. Mercury Systems Inc has a one year low of $16.29 and a one year high of $35.25. The stock has a 50 day moving average of $30.85 and a 200 day moving average of $26.74. The company has a market cap of $1.36 billion, a PE ratio of 58.08 and a beta of 0.47.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Monday, January 23rd. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.11 by $0.19. The firm earned $98 million during the quarter, compared to analyst estimates of $93.21 million. Mercury Systems had a net margin of 6.53% and a return on equity of 6.87%. Mercury Systems’s revenue was up 62.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. Equities analysts anticipate that Mercury Systems Inc will post $0.51 earnings per share for the current year.

Several equities research analysts recently issued reports on MRCY shares. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Wednesday, December 28th. Robert W. Baird started coverage on shares of Mercury Systems in a report on Wednesday, October 5th. They issued an “outperform” rating and a $30.00 target price on the stock. Bank of America Corporation started coverage on shares of Mercury Systems in a report on Friday, November 18th. They issued a “neutral” rating on the stock. SunTrust Banks, Inc. started coverage on shares of Mercury Systems in a report on Thursday, January 19th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Jefferies Group LLC set a $27.00 target price on shares of Mercury Systems and gave the stock a “hold” rating in a report on Tuesday, November 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Mercury Systems has an average rating of “Buy” and an average target price of $30.14.

In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $27.32, for a total transaction of $262,272.00. Following the transaction, the insider now owns 743,849 shares in the company, valued at approximately $20,321,954.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Charles A. Speicher sold 15,666 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $30.90, for a total transaction of $484,079.40. Following the transaction, the vice president now owns 44,341 shares in the company, valued at approximately $1,370,136.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,941 shares of company stock valued at $6,121,027. 4.30% of the stock is currently owned by company insiders.

Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

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