Nisa Investment Advisors LLC reduced its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,610 shares of the technology company’s stock after selling 90 shares during the period. Nisa Investment Advisors LLC’s holdings in OSI Systems were worth $191,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of OSIS. Janus Capital Management LLC raised its stake in shares of OSI Systems by 0.4% in the fourth quarter. Janus Capital Management LLC now owns 1,609,592 shares of the technology company’s stock valued at $122,522,000 after buying an additional 6,968 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in OSI Systems by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,259 shares of the technology company’s stock worth $78,576,000 after buying an additional 52,077 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in OSI Systems by 35.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 540,026 shares of the technology company’s stock worth $41,107,000 after buying an additional 140,285 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in OSI Systems by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 460,190 shares of the technology company’s stock worth $30,087,000 after buying an additional 2,291 shares during the last quarter. Finally, Norges Bank bought a new stake in OSI Systems during the fourth quarter worth about $30,240,000. Hedge funds and other institutional investors own 96.24% of the company’s stock.
OSI Systems, Inc. (NASDAQ OSIS) traded up 0.01% during trading on Monday, hitting $74.89. The stock had a trading volume of 127,653 shares. OSI Systems, Inc. has a 52-week low of $51.50 and a 52-week high of $82.26. The company has a 50-day moving average of $78.26 and a 200 day moving average of $75.20. The firm has a market cap of $1.40 billion, a P/E ratio of 57.65 and a beta of 0.75.
OSI Systems (NASDAQ:OSIS) last issued its earnings results on Wednesday, April 26th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. OSI Systems had a return on equity of 10.24% and a net margin of 5.72%. The firm had revenue of $245.15 million for the quarter, compared to analysts’ expectations of $244.35 million. During the same period in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. On average, equities research analysts predict that OSI Systems, Inc. will post $2.90 earnings per share for the current fiscal year.
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A number of analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $87.00 price objective on shares of OSI Systems in a research note on Saturday, April 29th. Jefferies Group LLC assumed coverage on OSI Systems in a research note on Wednesday, April 12th. They set a “buy” rating and a $86.00 price objective on the stock. Zacks Investment Research lowered OSI Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BidaskClub lowered OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $87.50.
About OSI Systems
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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