Shares of Mercury Systems Inc. (NASDAQ:MRCY) were up 2.3% during mid-day trading on Monday . The stock traded as high as $23.71 and last traded at $23.69, with a volume of 105,216 shares changing hands. The stock had previously closed at $23.16.

Several analysts recently issued reports on MRCY shares. Zacks Investment Research lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 30th. Sterne Agee CRT restated a “buy” rating on shares of Mercury Systems in a report on Monday, May 16th. Citigroup Inc. started coverage on shares of Mercury Systems in a report on Friday, June 10th. They issued a “buy” rating and a $27.00 price objective on the stock. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Wednesday, August 3rd. They noted that the move was a valuation call. Finally, Jefferies Group restated a “hold” rating and issued a $27.00 price objective (up from $22.00) on shares of Mercury Systems in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.00.

The firm has a market cap of $950.48 million and a P/E ratio of 42.05. The stock has a 50 day moving average price of $24.75 and a 200 day moving average price of $21.21.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.15. The company had revenue of $85.40 million for the quarter, compared to analyst estimates of $69.51 million. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Mercury Systems Inc. will post $0.67 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Mercury Systems stock. Marshall Wace LLP acquired a new position in shares of Mercury Systems Inc. (NASDAQ:MRCY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 105,919 shares of the company’s stock, valued at approximately $1,945,000. Marshall Wace LLP owned approximately 0.30% of Mercury Systems as of its most recent SEC filing.

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