Bank of America Corp DE grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 12.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,497 shares of the technology company’s stock after purchasing an additional 23,273 shares during the quarter. Bank of America Corp DE owned approximately 1.14% of OSI Systems worth $15,969,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in OSIS. SG Americas Securities LLC purchased a new stake in shares of OSI Systems during the first quarter valued at approximately $215,000. Schwab Charles Investment Management Inc. lifted its stake in OSI Systems by 8.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 126,918 shares of the technology company’s stock worth $8,284,000 after acquiring an additional 9,840 shares during the period. Aperio Group LLC lifted its stake in OSI Systems by 161.7% in the first quarter. Aperio Group LLC now owns 8,593 shares of the technology company’s stock worth $561,000 after acquiring an additional 5,309 shares during the period. Citigroup Inc. lifted its stake in OSI Systems by 506.8% in the first quarter. Citigroup Inc. now owns 5,765 shares of the technology company’s stock worth $376,000 after acquiring an additional 4,815 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in OSI Systems by 45.9% in the first quarter. GSA Capital Partners LLP now owns 6,008 shares of the technology company’s stock worth $392,000 after acquiring an additional 1,889 shares during the period. 99.08% of the stock is owned by hedge funds and other institutional investors.
Shares of OSIS stock opened at $71.98 on Tuesday. OSI Systems, Inc. has a 52 week low of $50.50 and a 52 week high of $96.64. The firm has a market capitalization of $1.38 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 0.51.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 23rd. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.08. The business had revenue of $287.33 million during the quarter, compared to the consensus estimate of $274.13 million. OSI Systems had a positive return on equity of 13.55% and a negative net margin of 2.67%. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. Sell-side analysts anticipate that OSI Systems, Inc. will post 3.87 EPS for the current fiscal year.
A number of analysts recently commented on OSIS shares. B. Riley raised their price target on OSI Systems from $81.00 to $92.50 and gave the stock a “buy” rating in a research note on Friday, August 24th. BidaskClub lowered OSI Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. ValuEngine raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Monday, June 11th. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Tuesday, August 28th. Finally, Roth Capital raised their price target on OSI Systems from $77.00 to $89.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $84.38.
In other OSI Systems news, insider Deepak Chopra sold 25,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $74.90, for a total value of $1,872,500.00. Following the completion of the transaction, the insider now owns 630,223 shares in the company, valued at $47,203,702.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ajay Mehra sold 14,572 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $73.54, for a total value of $1,071,624.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,072 shares of company stock valued at $3,289,995. 7.60% of the stock is owned by corporate insiders.
OSI Systems Company Profile
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.
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