Principal Financial Group Inc. increased its stake in Mercury Systems, Inc. (NASDAQ:MRCY – Get Rating) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,589 shares of the technology company’s stock after acquiring an additional 1,968 shares during the period. Principal Financial Group Inc. owned approximately 0.39% of Mercury Systems worth $10,138,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in MRCY. Eagle Bay Advisors LLC boosted its holdings in shares of Mercury Systems by 337.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 783 shares of the technology company’s stock valued at $35,000 after acquiring an additional 604 shares in the last quarter. Cowen Prime Advisors LLC boosted its holdings in shares of Mercury Systems by 600.0% in the fourth quarter. Cowen Prime Advisors LLC now owns 1,400 shares of the technology company’s stock valued at $63,000 after acquiring an additional 1,200 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Mercury Systems by 60.7% in the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock valued at $101,000 after acquiring an additional 594 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Mercury Systems by 55.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,545 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Mercury Systems by 40.1% during the third quarter. Lazard Asset Management LLC now owns 4,417 shares of the technology company’s stock valued at $178,000 after purchasing an additional 1,264 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.
Mercury Systems Stock Performance
Shares of NASDAQ:MRCY opened at $39.49 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.70 and a current ratio of 4.26. Mercury Systems, Inc. has a 52 week low of $34.13 and a 52 week high of $65.42. The firm has a 50 day simple moving average of $46.05 and a 200 day simple moving average of $48.34.
Analysts Set New Price Targets
About Mercury Systems
Mercury Systems, Inc is a global commercial technology company, which serves the aerospace and defense industry. It offers products through the following categories: Components, Modules and Sub-Assemblies, and Integrated Subsystems. The Components category refers to technology elements performing a single, discrete technological function, which when physically combined with other components may be used to create a module or sub-assembly.
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