Mercury Systems Inc. (NASDAQ:MRCY)’s share price reached a new 52-week high on Monday . The stock traded as high as $26.28 and last traded at $25.94, with a volume of 109,558 shares. The stock had previously closed at $25.48.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 30th. Citigroup Inc. assumed coverage on Mercury Systems in a research report on Friday, June 10th. They set a “buy” rating and a $27.00 price objective for the company. KeyCorp reissued a “buy” rating on shares of Mercury Systems in a research report on Thursday, March 24th. Drexel Hamilton reissued a “buy” rating and set a $23.00 price objective on shares of Mercury Systems in a research report on Sunday, March 27th. Finally, Sterne Agee CRT reissued a “buy” rating on shares of Mercury Systems in a research report on Monday, May 16th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Mercury Systems presently has a consensus rating of “Buy” and a consensus target price of $25.40.

The stock has a market capitalization of $1.04 billion and a PE ratio of 50.82. The company’s 50-day moving average is $23.60 and its 200-day moving average is $19.94.

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

In related 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 completion of the transaction, the chief operating officer now owns 396,112 shares in the company, valued at $8,136,140.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A number of institutional investors have bought and sold shares of the company. 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 worth $4,203,000 after buying an additional 61,896 shares during the last quarter. California State Teachers Retirement System boosted its position in Mercury Systems by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 63,342 shares of the company’s stock worth $1,163,000 after buying an additional 1,084 shares during the last quarter. California Public Employees Retirement System boosted its position in Mercury Systems by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 135,196 shares of the company’s stock worth $2,482,000 after buying an additional 20,500 shares during the last quarter. EAM Investors LLC acquired a new position in Mercury Systems during the fourth quarter worth approximately $1,047,000. Finally, Morgan Stanley boosted its position in Mercury Systems by 9.2% in the fourth quarter. Morgan Stanley now owns 88,122 shares of the company’s stock worth $1,617,000 after buying an additional 7,456 shares during the last quarter.

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