Baird Financial Group Inc. Reduces Position in Merit Medical Systems, Inc. (NASDAQ:MMSI)

Baird Financial Group Inc. decreased its holdings in Merit Medical Systems, Inc. (NASDAQ:MMSIGet Rating) by 21.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,260 shares of the medical instruments supplier’s stock after selling 1,160 shares during the quarter. Baird Financial Group Inc.’s holdings in Merit Medical Systems were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMSI. Nisa Investment Advisors LLC increased its holdings in shares of Merit Medical Systems by 27.7% during the first quarter. Nisa Investment Advisors LLC now owns 3,690 shares of the medical instruments supplier’s stock valued at $245,000 after acquiring an additional 800 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Merit Medical Systems by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 7,322 shares of the medical instruments supplier’s stock worth $487,000 after purchasing an additional 380 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Merit Medical Systems by 8.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 44,097 shares of the medical instruments supplier’s stock worth $2,933,000 after acquiring an additional 3,551 shares during the last quarter. Versor Investments LP increased its stake in Merit Medical Systems by 55.9% in the 1st quarter. Versor Investments LP now owns 11,057 shares of the medical instruments supplier’s stock worth $736,000 after acquiring an additional 3,963 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Merit Medical Systems by 14.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 47,203 shares of the medical instruments supplier’s stock valued at $3,140,000 after purchasing an additional 5,908 shares during the last quarter. Hedge funds and other institutional investors own 94.52% of the company’s stock.

Merit Medical Systems Trading Down 0.4 %

Shares of NASDAQ MMSI opened at $71.48 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.35 and a quick ratio of 1.19. The stock has a market capitalization of $4.07 billion, a P/E ratio of 66.19, a price-to-earnings-growth ratio of 2.50 and a beta of 1.04. Merit Medical Systems, Inc. has a 1-year low of $50.46 and a 1-year high of $72.40. The business has a fifty day moving average price of $61.90 and a 200 day moving average price of $59.18.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MMSI shares. Canaccord Genuity Group dropped their price objective on Merit Medical Systems from $69.00 to $63.00 and set a “buy” rating for the company in a report on Friday, October 14th. Piper Sandler upped their target price on Merit Medical Systems from $70.00 to $73.00 in a report on Thursday, October 27th. TheStreet upgraded Merit Medical Systems from a “c+” rating to a “b-” rating in a report on Friday, September 16th. StockNews.com began coverage on Merit Medical Systems in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Raymond James upped their target price on Merit Medical Systems from $71.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 27th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $72.00.

Merit Medical Systems Company Profile

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Merit Medical Systems, Inc designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy.

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Institutional Ownership by Quarter for Merit Medical Systems (NASDAQ:MMSI)

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