Mason Street Advisors LLC bought a new stake in shares of OSI Systems Inc. (NASDAQ:OSIS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,435 shares of the company’s stock, valued at approximately $200,000.
Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in OSI Systems by 100.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,000 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of OSI Systems by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 2,629 shares of the company’s stock worth $153,000 after buying an additional 321 shares during the period. Mizuho Asset Management Co. Ltd. bought a new position in shares of OSI Systems during the second quarter worth approximately $187,000. Hsbc Holdings PLC bought a new position in shares of OSI Systems during the second quarter worth approximately $205,000. Finally, Nomura Holdings Inc. bought a new position in shares of OSI Systems during the second quarter worth approximately $219,000. 93.44% of the stock is currently owned by institutional investors.
OSI Systems Inc. (NASDAQ:OSIS) opened at 67.03 on Thursday. OSI Systems Inc. has a one year low of $48.19 and a one year high of $96.75. The firm’s 50 day moving average price is $66.11 and its 200-day moving average price is $59.66. The firm has a market cap of $1.27 billion, a PE ratio of 51.56 and a beta of 1.18.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Tuesday, August 16th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $221.47 million for the quarter, compared to analysts’ expectations of $232.32 million. OSI Systems had a return on equity of 7.69% and a net margin of 3.15%. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS. Equities analysts predict that OSI Systems Inc. will post $2.64 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the company. Benchmark Co. restated a “buy” rating and set a $75.00 price objective on shares of OSI Systems in a report on Monday, October 3rd. B. Riley reissued a “buy” rating and issued a $72.00 price target on shares of OSI Systems in a research report on Sunday, September 18th. Zacks Investment Research raised OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Wednesday, June 29th. Finally, Roth Capital reissued a “buy” rating on shares of OSI Systems in a research report on Sunday, June 26th. Seven analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $74.67.
In related news, Director Steven C. Good sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $63.35, for a total value of $190,050.00. Following the transaction, the director now owns 23,725 shares in the company, valued at approximately $1,502,978.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.70% of the stock is owned by corporate insiders.
OSI Systems Company Profile
OSI Systems, Inc is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.
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