Shell Asset Management Co. cut its position in OSI Systems Inc. (NASDAQ:OSIS) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,329 shares of the company’s stock after selling 1,387 shares during the period. Shell Asset Management Co.’s holdings in OSI Systems were worth $1,414,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the company. Capstone Asset Management Co. raised its position in shares of OSI Systems by 5.1% in the second quarter. Capstone Asset Management Co. now owns 6,640 shares of the company’s stock worth $386,000 after buying an additional 320 shares in the last quarter. Kennedy Capital Management Inc. raised its position in shares of OSI Systems by 0.4% in the first quarter. Kennedy Capital Management Inc. now owns 93,565 shares of the company’s stock worth $6,128,000 after buying an additional 416 shares in the last quarter. Teachers Advisors Inc. raised its position in shares of OSI Systems by 1.9% in the first quarter. Teachers Advisors Inc. now owns 29,570 shares of the company’s stock worth $1,937,000 after buying an additional 542 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of OSI Systems by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 23,238 shares of the company’s stock worth $1,522,000 after buying an additional 650 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of OSI Systems by 1.9% in the first quarter. Prudential Financial Inc. now owns 47,609 shares of the company’s stock worth $3,118,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 93.45% of the company’s stock.
Shares of OSI Systems Inc. (NASDAQ:OSIS) traded up 1.38% during midday trading on Friday, reaching $65.38. The company had a trading volume of 149,183 shares. The stock has a 50-day moving average of $65.87 and a 200 day moving average of $59.45. OSI Systems Inc. has a 52 week low of $48.19 and a 52 week high of $96.75. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 50.29 and a beta of 1.25.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business 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 business’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. On average, analysts anticipate that OSI Systems Inc. will post $2.64 earnings per share for the current year.
A number of brokerages have weighed in on OSIS. B. Riley restated a “buy” rating and issued a $65.00 target price on shares of OSI Systems in a research note on Friday, August 12th. Roth Capital reiterated a “buy” rating on shares of OSI Systems in a report on Sunday, June 26th. Benchmark Co. upped their price objective on OSI Systems from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. CJS Securities initiated coverage on OSI Systems in a report on Tuesday, June 14th. They issued a “market outperform” rating and a $68.00 price objective for the company. Finally, Zacks Investment Research upgraded OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Wednesday, June 29th. Seven research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $73.83.
In other OSI Systems news, Director Steven C. Good sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $63.35, for a total transaction of $190,050.00. Following the sale, the director now directly owns 23,725 shares of the company’s stock, valued at $1,502,978.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 7.70% of the company’s stock.
About OSI Systems
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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