Mercury Systems Inc. (NASDAQ:MRCY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.28 and last traded at $25.94, with a volume of 109,558 shares traded. The stock had previously closed at $25.48.

Several brokerages recently issued reports on MRCY. KeyCorp reiterated a “buy” rating on shares of Mercury Systems in a research note on Wednesday, April 20th. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Tuesday, July 5th. Sterne Agee CRT reissued a “buy” rating on shares of Mercury Systems in a research report on Monday, May 16th. Jefferies Group reissued a “hold” rating and set a $19.00 price objective on shares of Mercury Systems in a research report on Sunday, March 27th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mercury Systems presently has an average rating of “Buy” and a consensus price target of $25.40.

The stock’s 50 day moving average price is $23.81 and its 200 day moving average price is $20.05. The company has a market cap of $1.05 billion and a PE ratio of 51.00.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.11. The company had revenue of $65.90 million for the quarter, compared to analysts’ expectations of $65.50 million. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, analysts forecast that Mercury Systems Inc. will post $0.48 earnings per share for the current year.

In other news, COO Didier M. C. Thibaud sold 77,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 396,112 shares of the company’s stock, valued at $8,136,140.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds have recently added to or reduced their stakes in MRCY. Morgan Stanley increased its stake in 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 last quarter. Turner Investments L.P. purchased a new position in shares of Mercury Systems during the fourth quarter worth approximately $1,102,000. California State Teachers Retirement System increased 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 worth $1,163,000 after buying an additional 1,084 shares in the last quarter. EAM Investors LLC purchased a new position in shares of Mercury Systems during the fourth quarter worth approximately $1,047,000. Finally, I.G. Investment Management LTD. increased its position 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 worth $1,018,000 after buying an additional 145 shares in the last quarter.

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