Mercury Systems Inc. (NASDAQ:MRCY)’s share price fell 1.2% during mid-day trading on Tuesday . The company traded as low as $25.44 and last traded at $25.52, with a volume of 102,489 shares changing hands. The stock had previously closed at $25.84.

A number of research firms recently issued reports on MRCY. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a report on Tuesday, July 5th. Citigroup Inc. began coverage on Mercury Systems in a report on Friday, June 10th. They set a “buy” rating and a $27.00 price objective for the company. Sterne Agee CRT restated a “buy” rating on shares of Mercury Systems in a report on Monday, May 16th. KeyCorp restated a “buy” rating on shares of Mercury Systems in a report on Wednesday, April 20th. Finally, Jefferies Group restated a “hold” rating and set a $19.00 price objective 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 issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $25.40.

The stock has a market capitalization of $1.02 billion and a price-to-earnings ratio of 49.59. The firm’s 50 day moving average price is $23.22 and its 200 day moving average price is $19.81.

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

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

A number of institutional investors recently modified their holdings of the stock. Russell Frank Co boosted its position in shares of 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 during the period. California Public Employees Retirement System boosted its position in shares of Mercury Systems by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 135,196 shares of the company’s stock valued at $2,482,000 after buying an additional 20,500 shares during the period. Marshall Wace LLP bought a new position in shares of Mercury Systems during the fourth quarter valued at about $1,945,000. Morgan Stanley boosted its position 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 during the period. Finally, California State Teachers Retirement System boosted its position 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 during the period.

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.