Teacher Retirement System of Texas bought a new position in shares of Analogic Co. (NASDAQ:ALOG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,312 shares of the medical research company’s stock, valued at approximately $361,000.
Several other large investors also recently modified their holdings of the company. First National Bank of Omaha increased its position in shares of Analogic by 17.6% during the fourth quarter. First National Bank of Omaha now owns 16,275 shares of the medical research company’s stock worth $1,363,000 after acquiring an additional 2,440 shares during the period. American Century Companies Inc. increased its position in shares of Analogic by 19.3% during the fourth quarter. American Century Companies Inc. now owns 71,628 shares of the medical research company’s stock worth $5,999,000 after acquiring an additional 11,565 shares during the period. Aperio Group LLC purchased a new position in shares of Analogic during the fourth quarter worth approximately $218,000. Cigna Investments Inc. New purchased a new position in shares of Analogic during the fourth quarter worth approximately $483,000. Finally, First Quadrant L P CA increased its position in shares of Analogic by 54.5% during the fourth quarter. First Quadrant L P CA now owns 14,991 shares of the medical research company’s stock worth $1,255,000 after acquiring an additional 5,291 shares during the period. 97.55% of the stock is currently owned by institutional investors and hedge funds.
Analogic Co. (NASDAQ ALOG) opened at $93.50 on Tuesday. The company has a market cap of $1,168.85, a P/E ratio of 41.56, a PEG ratio of 3.16 and a beta of 0.77. Analogic Co. has a 1 year low of $66.00 and a 1 year high of $101.80.
Analogic (NASDAQ:ALOG) last issued its earnings results on Monday, March 5th. The medical research company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.58. Analogic had a negative net margin of 15.34% and a positive return on equity of 6.05%. The business had revenue of $129.20 million for the quarter, compared to analyst estimates of $112.50 million. During the same period last year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. analysts predict that Analogic Co. will post 4.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. Analogic’s dividend payout ratio is presently -6.91%.
A number of brokerages have recently commented on ALOG. Zacks Investment Research raised shares of Analogic from a “hold” rating to a “strong-buy” rating and set a $108.00 target price on the stock in a research report on Thursday, March 8th. BidaskClub lowered shares of Analogic from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $80.00 target price on shares of Analogic in a research report on Friday, December 8th.
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Analogic Company Profile
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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