VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Merit Medical Systems, Inc. $MMSI

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Merit Medical Systems, Inc. (NASDAQ:MMSI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,700 shares of the medical instruments supplier’s stock, valued at approximately $673,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. AMI Asset Management Corp boosted its position in shares of Merit Medical Systems by 0.8% during the first quarter. AMI Asset Management Corp now owns 21,818 shares of the medical instruments supplier’s stock valued at $1,504,000 after buying an additional 168 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Merit Medical Systems by 1.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,562 shares of the medical instruments supplier’s stock worth $1,195,000 after buying an additional 200 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Merit Medical Systems by 16.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,551 shares of the medical instruments supplier’s stock valued at $107,000 after acquiring an additional 216 shares during the period. Palouse Capital Management Inc. lifted its stake in Merit Medical Systems by 29.8% during the 1st quarter. Palouse Capital Management Inc. now owns 1,315 shares of the medical instruments supplier’s stock valued at $91,000 after acquiring an additional 302 shares during the period. Finally, Personal CFO Solutions LLC grew its stake in shares of Merit Medical Systems by 10.6% in the first quarter. Personal CFO Solutions LLC now owns 3,290 shares of the medical instruments supplier’s stock worth $227,000 after acquiring an additional 315 shares during the period. 99.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MMSI shares. Robert W. Baird set a $98.00 price objective on shares of Merit Medical Systems in a research report on Friday, July 31st. Barrington Research set a $114.00 price target on Merit Medical Systems in a report on Friday, July 31st. Weiss Ratings upgraded Merit Medical Systems from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Needham & Company LLC lifted their price objective on Merit Medical Systems from $90.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, BTIG Research reiterated a “buy” rating and set a $105.00 price objective on shares of Merit Medical Systems in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Merit Medical Systems presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Merit Medical Systems Trading Up 0.8%

Shares of Merit Medical Systems stock opened at $87.02 on Tuesday. Merit Medical Systems, Inc. has a 1-year low of $59.74 and a 1-year high of $94.75. The company’s fifty day simple moving average is $83.88 and its 200-day simple moving average is $73.38. The company has a debt-to-equity ratio of 0.44, a current ratio of 4.20 and a quick ratio of 2.79. The stock has a market capitalization of $5.20 billion, a PE ratio of 35.96, a P/E/G ratio of 2.16 and a beta of 0.49.

Merit Medical Systems (NASDAQ:MMSI) last posted its quarterly earnings data on Thursday, July 30th. The medical instruments supplier reported $1.19 EPS for the quarter, topping the consensus estimate of $0.96 by $0.23. The firm had revenue of $418.84 million during the quarter, compared to analyst estimates of $405.25 million. Merit Medical Systems had a return on equity of 13.75% and a net margin of 9.22%.Merit Medical Systems’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. Merit Medical Systems has set its FY 2026 guidance at 4.250-4.350 EPS. As a group, equities analysts anticipate that Merit Medical Systems, Inc. will post 3.84 earnings per share for the current year.

Merit Medical Systems Company Profile

Merit Medical Systems, Inc is a medical device company that develops, manufactures and markets disposable products used in interventional, diagnostic and therapeutic procedures. Its portfolio is designed primarily for use by physicians in hospitals, outpatient facilities and other healthcare settings.

The company’s products support a range of specialties, including cardiovascular intervention, peripheral intervention, oncology, spine and pain management, general surgery, and critical care.