Legato Capital Management LLC increased its position in OSI Systems, Inc. (NASDAQ:OSIS) by 890.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,049 shares of the technology company’s stock after buying an additional 5,438 shares during the period. Legato Capital Management LLC’s holdings in OSI Systems were worth $455,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in OSIS. BlackRock Inc. boosted its stake in shares of OSI Systems by 51,732.1% in the first quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock worth $164,115,000 after buying an additional 2,244,137 shares in the last quarter. Norges Bank acquired a new stake in OSI Systems during the fourth quarter worth $30,240,000. Goldman Sachs Group Inc. boosted its stake in OSI Systems by 57.4% in the first quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock worth $40,657,000 after buying an additional 203,144 shares during the period. Redwood Investments LLC acquired a new stake in OSI Systems during the first quarter worth $9,342,000. Finally, Aberdeen Asset Management PLC UK boosted its stake in OSI Systems by 16.9% in the first quarter. Aberdeen Asset Management PLC UK now owns 631,543 shares of the technology company’s stock worth $46,096,000 after buying an additional 91,517 shares during the period.
OSI Systems, Inc. (NASDAQ OSIS) traded down 0.43% during midday trading on Friday, reaching $78.57. The company had a trading volume of 59,754 shares. The stock’s 50 day moving average is $76.79 and its 200 day moving average is $75.20. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 60.48 and a beta of 0.78. OSI Systems, Inc. has a 12-month low of $58.17 and a 12-month high of $82.26.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The business had revenue of $245.15 million for the quarter, compared to analyst estimates of $244.35 million. OSI Systems had a return on equity of 9.04% and a net margin of 2.73%. OSI Systems’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Equities research analysts expect that OSI Systems, Inc. will post $2.90 earnings per share for the current year.
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OSIS has been the topic of a number of research analyst reports. Zacks Investment Research cut OSI Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub cut OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. B. Riley restated a “buy” rating and issued a $87.00 price target on shares of OSI Systems in a research note on Saturday, April 29th. Finally, Jefferies Group LLC set a $85.00 price target on OSI Systems and gave the company a “buy” rating in a research note on Wednesday, April 26th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $87.50.
OSI Systems Company Profile
OSI Systems, Inc, through its subsidiaries, 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.
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