Shares of Mercury Systems Inc (NASDAQ:MRCY) reached a new 52-week high during trading on Thursday . The stock traded as high as $45.50 and last traded at $45.50, with a volume of 193,961 shares. The stock had previously closed at $44.40.

Several analysts recently commented on MRCY shares. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Thursday, April 13th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, April 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $39.00 target price (up from $30.00) on shares of Mercury Systems in a report on Saturday, April 29th. Finally, BidaskClub raised Mercury Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 24th. 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. The company has a consensus rating of “Buy” and an average price target of $43.00.

The company has a 50 day moving average of $43.17 and a 200-day moving average of $39.33. The company has a market cap of $2.11 billion, a PE ratio of 78.836 and a beta of 0.39.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The firm had revenue of $115.60 million during the quarter, compared to the consensus estimate of $115.11 million. Mercury Systems had a return on equity of 4.87% and a net margin of 6.09%. The firm’s revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. On average, equities research analysts predict that Mercury Systems Inc will post $1.24 EPS for the current year.

In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.54, for a total transaction of $379,584.00. Following the completion of the sale, the insider now directly owns 547,849 shares of the company’s stock, valued at approximately $21,661,949.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the sale, the vice president now directly owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,600 shares of company stock valued at $1,432,286. 4.30% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Mercury Systems by 242,823.0% in the first quarter. BlackRock Inc. now owns 6,646,372 shares of the technology company’s stock valued at $259,540,000 after buying an additional 6,643,636 shares in the last quarter. Wells Fargo & Company MN increased its stake in Mercury Systems by 323.5% in the second quarter. Wells Fargo & Company MN now owns 2,230,421 shares of the technology company’s stock valued at $93,878,000 after buying an additional 1,703,774 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Mercury Systems by 920.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,231,176 shares of the technology company’s stock valued at $48,077,000 after buying an additional 1,110,474 shares in the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in Mercury Systems during the first quarter valued at approximately $35,579,000. Finally, Vanguard Group Inc. increased its stake in Mercury Systems by 21.6% in the first quarter. Vanguard Group Inc. now owns 3,938,032 shares of the technology company’s stock valued at $153,780,000 after buying an additional 700,484 shares in the last quarter. 98.66% of the stock is owned by hedge funds and other institutional investors.

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About Mercury Systems

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

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