Shares of Mercury Systems Inc. (NASDAQ:MRCY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.30 and last traded at $25.03, with a volume of 75,768 shares. The stock had previously closed at $24.80.

A number of analysts have issued reports on the company. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Tuesday. Citigroup Inc. assumed coverage on Mercury Systems in a report on Friday, June 10th. They set a “buy” rating and a $27.00 price target for the company. KeyCorp reaffirmed a “buy” rating on shares of Mercury Systems in a report on Wednesday, April 20th. Sterne Agee CRT lifted their price target on Mercury Systems to $30.00 and gave the stock a “buy” rating in a report on Wednesday, March 30th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $23.00 target price on shares of Mercury Systems in a report on Sunday, March 27th. Three investment 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 company’s stock. The stock has an average rating of “Buy” and an average price target of $25.40.

The stock’s 50-day moving average is $22.92 and its 200 day moving average is $19.71. The company has a market cap of $1.02 billion and a PE ratio of 49.77.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.11. The company earned $65.90 million during the quarter, compared to analyst estimates of $65.50 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts expect that Mercury Systems Inc. will post $0.47 earnings per share for the current fiscal year.

In related news, COO Didier M. C. Thibaud sold 77,000 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $20.54, for a total value of $1,581,580.00. Following the completion of the sale, the chief operating officer now directly owns 396,112 shares in the company, valued at approximately $8,136,140.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Other hedge funds recently made changes to their positions in the company. I.G. Investment Management LTD. increased its stake in shares of Mercury Systems by 0.3% in the fourth quarter. I.G. Investment Management LTD. now owns 55,466 shares of the company’s stock valued at $1,018,000 after buying an additional 145 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of Mercury Systems during the fourth quarter valued at $1,047,000. Turner Investments L.P. acquired a new stake in shares of Mercury Systems during the fourth quarter valued at $1,102,000. California State Teachers Retirement System increased its stake in shares of Mercury Systems by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 63,342 shares of the company’s stock valued at $1,163,000 after buying an additional 1,084 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Mercury Systems by 9.2% in the fourth quarter. Morgan Stanley now owns 88,122 shares of the company’s stock valued at $1,617,000 after buying an additional 7,456 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.