Mutual of America Capital Management LLC Grows Stock Holdings in Mercury Systems Inc $MRCY

Mutual of America Capital Management LLC raised its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 136.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,856 shares of the technology company’s stock after buying an additional 91,136 shares during the period. Mutual of America Capital Management LLC owned about 0.26% of Mercury Systems worth $8,502,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in Mercury Systems by 51.6% in the first quarter. Goldman Sachs Group Inc. now owns 855,441 shares of the technology company’s stock valued at $36,861,000 after purchasing an additional 290,989 shares during the period. Royal Bank of Canada boosted its holdings in Mercury Systems by 0.7% in the first quarter. Royal Bank of Canada now owns 762,406 shares of the technology company’s stock valued at $32,852,000 after purchasing an additional 5,170 shares during the period. MetLife Investment Management LLC boosted its holdings in Mercury Systems by 1,479.5% in the first quarter. MetLife Investment Management LLC now owns 492,638 shares of the technology company’s stock valued at $21,228,000 after purchasing an additional 461,449 shares during the period. Principal Financial Group Inc. boosted its holdings in Mercury Systems by 11.8% in the first quarter. Principal Financial Group Inc. now owns 274,954 shares of the technology company’s stock valued at $11,848,000 after purchasing an additional 29,074 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mercury Systems by 52.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 266,901 shares of the technology company’s stock valued at $11,501,000 after purchasing an additional 91,930 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Mercury Systems Stock Up 2.0%

Shares of NASDAQ MRCY opened at $77.04 on Tuesday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -116.73, a price-to-earnings-growth ratio of 3.09 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.52 and a quick ratio of 2.41. The business has a 50-day moving average of $73.00 and a two-hundred day moving average of $57.98. Mercury Systems Inc has a 1 year low of $32.32 and a 1 year high of $85.33.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, June 7th. The technology company reported $0.64 earnings per share (EPS) for the quarter. Mercury Systems had a positive return on equity of 0.58% and a negative net margin of 4.16%.The company had revenue of $256.86 million during the quarter. On average, analysts forecast that Mercury Systems Inc will post -0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Mercury Systems

In other news, EVP David E. Farnsworth sold 7,572 shares of Mercury Systems stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total transaction of $488,091.12. Following the sale, the executive vice president owned 161,326 shares in the company, valued at approximately $10,399,073.96. The trade was a 4.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William L. Ballhaus sold 13,050 shares of Mercury Systems stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $64.46, for a total value of $841,203.00. Following the sale, the chief executive officer owned 374,976 shares in the company, valued at $24,170,952.96. This trade represents a 3.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 848,980 shares of company stock valued at $55,529,247. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MRCY. Canaccord Genuity Group began coverage on Mercury Systems in a report on Thursday, October 2nd. They issued a “buy” rating and a $88.00 target price for the company. The Goldman Sachs Group lifted their target price on Mercury Systems from $35.00 to $39.00 and gave the company a “sell” rating in a report on Wednesday, August 13th. Wall Street Zen lowered Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mercury Systems in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.89.

About Mercury Systems

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.