Mercury Systems Inc. (NASDAQ:MRCY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $25.30 and last traded at $25.03, with a volume of 75,768 shares trading hands. The stock had previously closed at $24.80.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Tuesday. KeyCorp reissued a “buy” rating on shares of Mercury Systems in a research report on Wednesday, April 20th. Sidoti assumed coverage on Mercury Systems in a research report on Thursday, March 17th. They set a “neutral” rating on the stock. Sterne Agee CRT reissued a “buy” rating on shares of Mercury Systems in a research report on Monday, May 16th. Finally, Jefferies Group reissued a “hold” rating and set a $19.00 price target on shares of Mercury Systems in a research report on Sunday, March 27th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.40.

The stock has a 50 day moving average price of $22.62 and a 200 day moving average price of $19.62. The company has a market cap of $1.00 billion and a price-to-earnings ratio of 48.93.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, April 26th. The company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.11. The firm had revenue of $65.90 million for the quarter, compared to the consensus estimate of $65.50 million. During the same period in the prior year, the business earned $0.22 EPS. Mercury Systems’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts forecast that Mercury Systems Inc. will post $0.47 EPS for the current fiscal year.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 77,000 shares of Mercury Systems stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $20.54, for a total transaction of $1,581,580.00. Following the transaction, the chief operating officer now owns 396,112 shares of the company’s stock, valued at approximately $8,136,140.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in Mercury Systems during the fourth quarter valued at approximately $1,945,000. Dimensional Fund Advisors LP boosted its position in Mercury Systems by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,866,032 shares of the company’s stock valued at $34,261,000 after buying an additional 103,042 shares in the last quarter. Russell Frank Co boosted its position in Mercury Systems by 38.5% in the fourth quarter. Russell Frank Co now owns 222,536 shares of the company’s stock valued at $4,203,000 after buying an additional 61,896 shares in the last quarter. Turner Investments L.P. purchased a new position in Mercury Systems during the fourth quarter valued at approximately $1,102,000. Finally, EAM Investors LLC purchased a new position in Mercury Systems during the fourth quarter valued at approximately $1,047,000.

Mercury Systems, Inc is a commercial provider of secure and sensor processing subsystems. The Company has two segments: Mercury Commercial Electronics (MCE) and Mercury Defense Systems (MDS). The Company’s MCE segment offers technologies, which include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

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