Quantitative Systematic Strategies LLC bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,756 shares of the technology company’s stock, valued at approximately $214,000.
A number of other institutional investors also recently bought and sold shares of OSIS. LSV Asset Management increased its holdings in OSI Systems by 612.7% in the 3rd quarter. LSV Asset Management now owns 205,260 shares of the technology company’s stock valued at $15,930,000 after purchasing an additional 176,460 shares during the last quarter. Nordea Investment Management AB boosted its position in OSI Systems by 101.2% in the 2nd quarter. Nordea Investment Management AB now owns 119,610 shares of the technology company’s stock valued at $8,836,000 after buying an additional 60,174 shares during the period. Marshall Wace LLP purchased a new position in OSI Systems in the 2nd quarter valued at approximately $4,451,000. Skandinaviska Enskilda Banken AB publ purchased a new position in OSI Systems in the 2nd quarter valued at approximately $1,672,000. Finally, Teacher Retirement System of Texas purchased a new position in OSI Systems in the 2nd quarter valued at approximately $1,120,000. Hedge funds and other institutional investors own 92.57% of the company’s stock.
In other news, Director Steven C. Good sold 1,250 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $77.50, for a total transaction of $96,875.00. Following the transaction, the director now directly owns 16,544 shares in the company, valued at $1,282,160. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ajay Mehra sold 11,971 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $85.06, for a total transaction of $1,018,253.26. Following the sale, the vice president now directly owns 46,256 shares in the company, valued at approximately $3,934,535.36. The disclosure for this sale can be found here. Insiders have sold a total of 43,866 shares of company stock worth $3,524,177 over the last quarter. 6.80% of the stock is owned by company insiders.
Several brokerages have commented on OSIS. Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday. Berenberg Bank started coverage on shares of OSI Systems in a research report on Friday, November 13th. They set a “buy” rating and a $103.00 price objective for the company. BidaskClub cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 14th. Finally, B. Riley lifted their price objective on shares of OSI Systems from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.00.
OSI Systems stock opened at $85.59 on Friday. The company has a fifty day simple moving average of $81.08 and a 200-day simple moving average of $76.17. OSI Systems, Inc. has a 12-month low of $49.96 and a 12-month high of $102.81. The company has a current ratio of 1.87, a quick ratio of 1.14 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.53 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 29th. The technology company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.13. OSI Systems had a net margin of 6.45% and a return on equity of 15.39%. The firm had revenue of $254.90 million for the quarter, compared to analyst estimates of $252.62 million. During the same period last year, the business earned $0.91 EPS. OSI Systems’s revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, sell-side analysts forecast that OSI Systems, Inc. will post 4.67 earnings per share for the current fiscal year.
OSI Systems Profile
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. It operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.
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