Westwood Holdings Group Inc. boosted its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 51.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 862,228 shares of the technology company’s stock after acquiring an additional 291,488 shares during the period. Westwood Holdings Group Inc. owned approximately 4.53% of OSI Systems worth $55,510,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in OSI Systems by 15.0% during the fourth quarter. Macquarie Group Ltd. now owns 78,424 shares of the technology company’s stock valued at $5,049,000 after acquiring an additional 10,258 shares during the period. Millennium Management LLC increased its stake in OSI Systems by 93.6% during the fourth quarter. Millennium Management LLC now owns 426,163 shares of the technology company’s stock valued at $27,436,000 after acquiring an additional 206,089 shares during the period. Clearline Capital LP bought a new position in OSI Systems during the fourth quarter valued at about $2,723,000. Earnest Partners LLC increased its stake in OSI Systems by 18.0% during the fourth quarter. Earnest Partners LLC now owns 1,140,704 shares of the technology company’s stock valued at $73,439,000 after acquiring an additional 173,737 shares during the period. Finally, HBK Investments L P bought a new position in OSI Systems during the fourth quarter valued at about $341,000.
In related news, Director Meyer/ Luskin acquired 20,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $56.79 per share, for a total transaction of $1,135,800.00. Following the purchase, the director now owns 10,376 shares in the company, valued at approximately $589,253.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.60% of the company’s stock.
OSIS has been the topic of several research reports. BidaskClub upgraded OSI Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, December 22nd. Sidoti initiated coverage on OSI Systems in a research note on Wednesday, February 21st. They set a “buy” rating on the stock. Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, December 27th. Jefferies Group lowered OSI Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $79.00 to $70.00 in a research note on Friday, February 2nd. They noted that the move was a valuation call. Finally, TheStreet lowered OSI Systems from a “b-” rating to a “c+” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. OSI Systems currently has a consensus rating of “Hold” and a consensus target price of $85.80.
Shares of OSI Systems, Inc. (OSIS) opened at $67.67 on Friday. OSI Systems, Inc. has a 12 month low of $50.50 and a 12 month high of $96.64. The firm has a market capitalization of $1,268.98, a P/E ratio of 18.38, a PEG ratio of 1.41 and a beta of 0.89. The company has a quick ratio of 0.96, a current ratio of 1.55 and a debt-to-equity ratio of 0.46.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. OSI Systems had a positive return on equity of 12.78% and a negative net margin of 2.06%. The company had revenue of $277.53 million for the quarter, compared to analyst estimates of $263.77 million. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. sell-side analysts predict that OSI Systems, Inc. will post 3.5 earnings per share for the current year.
OSI Systems announced that its board has authorized a stock repurchase plan on Tuesday, March 6th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
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OSI Systems 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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