PineBridge Investments L.P. Maintains Position in OSI Systems Inc. (OSIS)
PineBridge Investments L.P. held its stake in OSI Systems Inc. (NASDAQ:OSIS) during the second quarter, Holdings Channel reports. The institutional investor owned 2,249 shares of the company’s stock at the end of the second quarter. PineBridge Investments L.P.’s holdings in OSI Systems were worth $131,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in OSI Systems by 34.3% in the first quarter. Royal Bank of Canada now owns 7,368 shares of the company’s stock worth $483,000 after buying an additional 1,882 shares during the period. A.R.T. Advisors LLC acquired a new stake in OSI Systems during the first quarter worth approximately $1,296,000. Envestnet Asset Management Inc. raised its stake in OSI Systems by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 23,238 shares of the company’s stock worth $1,522,000 after buying an additional 650 shares during the period. Granahan Investment Management Inc. MA raised its stake in OSI Systems by 197.1% in the first quarter. Granahan Investment Management Inc. MA now owns 225,656 shares of the company’s stock worth $14,778,000 after buying an additional 149,707 shares during the period. Finally, Kennedy Capital Management Inc. raised its stake in OSI Systems by 0.4% in the first quarter. Kennedy Capital Management Inc. now owns 93,565 shares of the company’s stock worth $6,128,000 after buying an additional 416 shares during the period. Institutional investors own 93.45% of the company’s stock.
OSI Systems Inc. (NASDAQ:OSIS) opened at 66.52 on Tuesday. The stock has a 50 day moving average price of $66.01 and a 200-day moving average price of $59.46. The firm has a market cap of $1.26 billion, a P/E ratio of 51.17 and a beta of 1.18. OSI Systems Inc. has a 1-year low of $48.19 and a 1-year high of $96.75.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. The company earned $221.47 million during the quarter, compared to the consensus estimate of $232.32 million. During the same period in the previous year, the business earned $1.22 earnings per share. The firm’s quarterly revenue was down 16.9% on a year-over-year basis. Equities research analysts forecast that OSI Systems Inc. will post $2.64 EPS for the current year.
OSIS has been the topic of a number of research analyst reports. CJS Securities initiated coverage on OSI Systems in a research report on Tuesday, June 14th. They set a “market outperform” rating and a $68.00 price target on the stock. Benchmark Co. raised OSI Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, June 21st. B. Riley reaffirmed a “buy” rating and set a $65.00 price objective on shares of OSI Systems in a report on Wednesday, June 22nd. Roth Capital reaffirmed a “buy” rating on shares of OSI Systems in a report on Sunday, June 26th. Finally, Zacks Investment Research raised OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Wednesday, June 29th. Seven analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $74.67.
In related news, Director Steven C. Good sold 3,000 shares of OSI Systems stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $63.35, for a total value of $190,050.00. Following the transaction, the director now directly owns 23,725 shares of the company’s stock, valued at $1,502,978.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.70% of the stock is currently owned by 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.
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