Russell Investments Group Ltd. Has $4.19 Million Holding in Mercury Systems Inc (MRCY)

Russell Investments Group Ltd. Has $4.19 Million Holding in Mercury Systems Inc (MRCY)

Russell Investments Group Ltd. boosted its stake in Mercury Systems Inc (NASDAQ:MRCY) by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,282 shares of the technology company’s stock after buying an additional 8,565 shares during the period. Russell Investments Group Ltd.’s holdings in Mercury Systems were worth $4,190,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MRCY. State Street Corp raised its stake in Mercury Systems by 18.2% in the fourth quarter. State Street Corp now owns 1,033,362 shares of the technology company’s stock valued at $31,222,000 after buying an additional 159,032 shares in the last quarter. Bamco Inc. NY raised its stake in Mercury Systems by 13.3% in the third quarter. Bamco Inc. NY now owns 646,100 shares of the technology company’s stock valued at $15,875,000 after buying an additional 75,797 shares in the last quarter. Columbus Circle Investors raised its stake in Mercury Systems by 76.4% in the first quarter. Columbus Circle Investors now owns 424,790 shares of the technology company’s stock valued at $16,588,000 after buying an additional 183,986 shares in the last quarter. Castleark Management LLC purchased a new stake in Mercury Systems during the fourth quarter valued at about $10,240,000. Finally, Rainier Investment Management LLC raised its stake in Mercury Systems by 11.8% in the third quarter. Rainier Investment Management LLC now owns 283,930 shares of the technology company’s stock valued at $6,976,000 after buying an additional 30,040 shares in the last quarter. Institutional investors and hedge funds own 79.14% of the company’s stock.

Mercury Systems Inc (MRCY) opened at 39.65 on Friday. Mercury Systems Inc has a 52 week low of $21.09 and a 52 week high of $41.49. The company has a market cap of $1.90 billion, a P/E ratio of 68.48 and a beta of 0.50. The company has a 50-day moving average of $39.39 and a 200 day moving average of $35.53.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Mercury Systems had a net margin of 6.53% and a return on equity of 6.69%. The business had revenue of $107.30 million during the quarter, compared to analysts’ expectations of $105.54 million. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s quarterly revenue was up 62.8% compared to the same quarter last year. On average, equities analysts forecast that Mercury Systems Inc will post $1.10 EPS for the current fiscal year.

Several analysts recently issued reports on MRCY shares. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, April 13th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, April 27th. JPMorgan Chase & Co. assumed coverage on shares of Mercury Systems in a research note on Thursday, March 9th. They issued an “overweight” rating and a $48.00 price objective for the company. Jefferies Group LLC reissued a “hold” rating and issued a $43.00 price objective on shares of Mercury Systems in a research note on Wednesday. Finally, Citigroup Inc increased their price objective on shares of Mercury Systems to $48.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.33.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $40.41, for a total value of $1,212,300.00. Following the completion of the transaction, the chief operating officer now owns 418,694 shares of the company’s stock, valued at approximately $16,919,424.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $40.26, for a total transaction of $386,496.00. Following the completion of the transaction, the insider now directly owns 557,449 shares of the company’s stock, valued at approximately $22,442,896.74. The disclosure for this sale can be found here. In the last three months, insiders sold 58,800 shares of company stock valued at $2,354,412. Corporate insiders own 4.30% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MRCY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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