Public Employees Retirement System of Ohio Sells 10,445 Shares of Mercury Systems, Inc. (NASDAQ:MRCY)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Mercury Systems, Inc. (NASDAQ:MRCY) by 19.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,340 shares of the technology company’s stock after selling 10,445 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Mercury Systems worth $1,567,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Mercury Systems in the 2nd quarter valued at about $401,000. Raymond James & Associates raised its stake in Mercury Systems by 2.8% in the 2nd quarter. Raymond James & Associates now owns 66,736 shares of the technology company’s stock valued at $1,801,000 after acquiring an additional 1,812 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Mercury Systems by 41.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 11,130 shares of the technology company’s stock valued at $300,000 after acquiring an additional 3,236 shares during the period. Nisa Investment Advisors LLC raised its stake in Mercury Systems by 1,126.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,165 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,070 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Mercury Systems by 1.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 26,300 shares of the technology company’s stock valued at $710,000 after acquiring an additional 400 shares during the period. 95.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MRCY has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and lifted their target price for the company from $30.00 to $42.00 in a report on Monday, November 11th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.29.

Mercury Systems Trading Down 0.4 %

NASDAQ MRCY opened at $38.07 on Thursday. Mercury Systems, Inc. has a 12 month low of $25.31 and a 12 month high of $44.63. The stock has a market cap of $2.27 billion, a P/E ratio of -18.57 and a beta of 0.78. The stock’s fifty day moving average price is $37.90 and its 200-day moving average price is $35.31. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41.

Insider Activity at Mercury Systems

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the sale, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Mercury Systems Profile

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.