BNP Paribas Arbitrage SA Reduces Position in OSI Systems Inc. (OSIS)
BNP Paribas Arbitrage SA lowered its position in shares of OSI Systems Inc. (NASDAQ:OSIS) by 88.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,271 shares of the company’s stock after selling 25,417 shares during the period. BNP Paribas Arbitrage SA’s holdings in OSI Systems were worth $214,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale increased its stake in shares of OSI Systems by 100.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,000 shares of the company’s stock worth $112,000 after buying an additional 1,000 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of OSI Systems by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 2,629 shares of the company’s stock worth $153,000 after buying an additional 321 shares in the last quarter. Mizuho Asset Management Co. Ltd. bought a new stake in shares of OSI Systems during the second quarter worth about $187,000. Mason Street Advisors LLC bought a new stake in shares of OSI Systems during the second quarter worth about $200,000. Finally, Hsbc Holdings PLC bought a new stake in shares of OSI Systems during the second quarter worth about $205,000. Hedge funds and other institutional investors own 93.45% of the company’s stock.
Shares of OSI Systems Inc. (NASDAQ:OSIS) traded up 0.52% during trading on Wednesday, hitting $66.33. The stock had a trading volume of 28,086 shares. OSI Systems Inc. has a 12 month low of $48.19 and a 12 month high of $96.75. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 51.02 and a beta of 1.18. The company’s 50 day moving average price is $66.12 and its 200 day moving average price is $59.48.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Tuesday, August 16th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. OSI Systems had a return on equity of 7.69% and a net margin of 3.15%. The firm earned $221.47 million during the quarter, compared to analysts’ expectations of $232.32 million. During the same period in the previous year, the business earned $1.22 earnings per share. The firm’s revenue for the quarter was down 16.9% on a year-over-year basis. Equities research analysts expect that OSI Systems Inc. will post $2.64 earnings per share for the current fiscal year.
OSIS has been the subject of a number of analyst reports. CJS Securities initiated coverage on OSI Systems in a research report on Tuesday, June 14th. They issued a “market outperform” rating and a $68.00 price target for the company. Zacks Investment Research upgraded OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Wednesday, June 29th. B. Riley reiterated a “buy” rating and issued a $72.00 target price on shares of OSI Systems in a research note on Sunday, September 18th. Benchmark Co. increased their target price on OSI Systems from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, Roth Capital reiterated a “buy” rating on shares of OSI Systems in a research note on Sunday, June 26th. Seven investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of $74.67.
In related news, Director Steven C. Good sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $63.35, for a total transaction of $190,050.00. Following the completion of the sale, the director now directly owns 23,725 shares in the company, valued at $1,502,978.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.70% of the company’s stock.
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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