BlackRock Advisors LLC cut its position in OSI Systems Inc. (NASDAQ:OSIS) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 165,111 shares of the company’s stock after selling 4,855 shares during the period. BlackRock Advisors LLC owned approximately 0.87% of OSI Systems worth $9,598,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of OSIS. Dimensional Fund Advisors LP boosted its position in shares of OSI Systems by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 973,450 shares of the company’s stock worth $56,585,000 after buying an additional 3,067 shares in the last quarter. State Street Corp boosted its position in shares of OSI Systems by 1.3% in the first quarter. State Street Corp now owns 401,494 shares of the company’s stock worth $26,297,000 after buying an additional 5,030 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of OSI Systems by 12.3% in the second quarter. Neuberger Berman Group LLC now owns 325,405 shares of the company’s stock worth $18,915,000 after buying an additional 35,633 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of OSI Systems by 81.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 308,149 shares of the company’s stock worth $17,912,000 after buying an additional 138,060 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of OSI Systems by 9.6% in the second quarter. Schroder Investment Management Group now owns 254,182 shares of the company’s stock worth $14,776,000 after buying an additional 22,182 shares in the last quarter. 93.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of OSI Systems Inc. (NASDAQ:OSIS) opened at 66.45 on Monday. The company has a market cap of $1.26 billion, a PE ratio of 51.12 and a beta of 1.18. OSI Systems Inc. has a one year low of $48.19 and a one year high of $96.75. The company’s 50-day moving average price is $66.23 and its 200 day moving average price is $59.61.
OSI Systems (NASDAQ:OSIS) last posted its earnings results on Tuesday, August 16th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $221.47 million for the quarter, compared to analysts’ expectations of $232.32 million. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Equities analysts forecast that OSI Systems Inc. will post $2.64 EPS for the current fiscal year.
OSIS has been the topic of a number of recent research reports. CJS Securities initiated coverage on shares of OSI Systems in a report on Tuesday, June 14th. They issued a “market outperform” rating and a $68.00 target price on the stock. Zacks Investment Research raised OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Wednesday, June 29th. B. Riley reaffirmed a “buy” rating and set a $72.00 price target on shares of OSI Systems in a report on Sunday, September 18th. Benchmark Co. lifted their price target on OSI Systems from $65.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Finally, Roth Capital reaffirmed a “buy” rating on shares of OSI Systems in a report on Sunday, June 26th. Seven investment analysts have rated the stock with a buy rating, OSI Systems currently has an average rating of “Buy” and a consensus price target of $74.67.
In related news, Director Steven C. Good sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $63.35, for a total value of $190,050.00. Following the sale, the director now owns 23,725 shares of the company’s stock, valued at $1,502,978.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.70% of the stock is currently owned by corporate insiders.
OSI Systems Company Profile
OSI Systems, Inc 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. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.