Shares of Mercury Systems Inc. (NASDAQ:MRCY) saw strong trading volume on Friday . 298,623 shares traded hands during trading, an increase of 36% from the previous session’s volume of 219,140 shares.The stock last traded at $23.04 and had previously closed at $23.84.

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 30th. Jefferies Group restated a “hold” rating and set a $27.00 target price (up previously from $22.00) on shares of Mercury Systems in a research note on Thursday. Noble Financial restated a “hold” rating on shares of Mercury Systems in a research note on Wednesday. They noted that the move was a valuation call. Citigroup Inc. assumed coverage on shares of Mercury Systems in a research note on Friday, June 10th. They set a “buy” rating and a $27.00 target price on the stock. Finally, KeyCorp restated a “buy” rating on shares of Mercury Systems in a research note on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.00.

The stock’s 50 day moving average is $25.03 and its 200-day moving average is $20.74. The company has a market cap of $877.59 million and a PE ratio of 41.45.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.15. The company earned $85.40 million during the quarter, compared to analyst estimates of $69.51 million. Mercury Systems’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. On average, equities analysts expect that Mercury Systems Inc. will post $0.71 EPS for the current year.

Other large investors recently bought and sold shares of the company. I.G. Investment Management LTD. raised its stake in 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. California State Teachers Retirement System raised 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 during the period. California Public Employees Retirement System raised its stake 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. Russell Frank Co raised its stake 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. Finally, Marshall Wace LLP acquired a new stake in shares of Mercury Systems during the fourth quarter valued at $1,945,000.

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