Gilder Gagnon Howe & Co. LLC Trims Position in Mercury Systems Inc (MRCY)

Gilder Gagnon Howe & Co. LLC decreased its position in shares of Mercury Systems Inc (NASDAQ:MRCY) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,042,267 shares of the technology company’s stock after selling 39,009 shares during the period. Gilder Gagnon Howe & Co. LLC owned 2.16% of Mercury Systems worth $54,073,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Mercury Systems by 29.2% during the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock valued at $104,000 after purchasing an additional 556 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Mercury Systems by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after purchasing an additional 195 shares during the last quarter. Shelton Capital Management acquired a new stake in Mercury Systems during the second quarter valued at $200,000. Flinton Capital Management LLC boosted its position in Mercury Systems by 72.3% during the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after purchasing an additional 2,040 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Mercury Systems by 74.9% during the second quarter. Riverhead Capital Management LLC now owns 4,897 shares of the technology company’s stock valued at $206,000 after purchasing an additional 2,097 shares during the last quarter. 95.62% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on MRCY shares. SunTrust Banks, Inc. restated a “buy” rating and set a $51.00 target price on shares of Mercury Systems in a report on Monday, October 2nd. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Robert W. Baird restated a “buy” rating and set a $48.00 target price on shares of Mercury Systems in a report on Tuesday, October 24th. Zacks Investment Research lowered Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Finally, Jefferies Group LLC restated a “hold” rating and set a $45.00 target price on shares of Mercury Systems in a report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $51.17.

In related news, CFO Gerald M. Haines II sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $50.41, for a total transaction of $126,025.00. Following the transaction, the chief financial officer now directly owns 218,260 shares in the company, valued at $11,002,486.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $47.32, for a total value of $454,272.00. Following the transaction, the insider now owns 519,382 shares in the company, valued at $24,577,156.24. The disclosure for this sale can be found here. Insiders sold 27,700 shares of company stock worth $1,353,569 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

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Mercury Systems Inc (NASDAQ:MRCY) traded down $0.55 during trading on Monday, hitting $48.96. The stock had a trading volume of 178,900 shares, compared to its average volume of 424,276. The company has a market capitalization of $2,361.90, a price-to-earnings ratio of 52.65, a PEG ratio of 3.84 and a beta of 0.22. Mercury Systems Inc has a twelve month low of $29.11 and a twelve month high of $54.49.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $106.10 million for the quarter, compared to analyst estimates of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. equities analysts expect that Mercury Systems Inc will post 1.08 EPS for the current year.

About Mercury Systems

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.

Institutional Ownership by Quarter for Mercury Systems (NASDAQ:MRCY)

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