PNC Financial Services Group Inc. boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 360,783 shares of the technology company’s stock after purchasing an additional 16,817 shares during the quarter. PNC Financial Services Group Inc. owned about 1.93% of OSI Systems worth $27,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSIS. BlackRock Inc. grew its position in OSI Systems by 51,732.1% in the 1st quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock valued at $164,115,000 after purchasing an additional 2,244,137 shares during the period. Goldman Sachs Group Inc. grew its position in OSI Systems by 57.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock valued at $40,657,000 after purchasing an additional 203,144 shares during the period. Redwood Investments LLC acquired a new stake in OSI Systems in the 1st quarter valued at $9,342,000. Vanguard Group Inc. grew its position in OSI Systems by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 1,606,669 shares of the technology company’s stock valued at $117,271,000 after purchasing an additional 76,598 shares during the period. Finally, Neumeier Poma Investment Counsel LLC grew its position in OSI Systems by 15.0% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 372,345 shares of the technology company’s stock valued at $27,177,000 after purchasing an additional 48,465 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. BidaskClub raised shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. B. Riley set a $92.00 price target on shares of OSI Systems and gave the company a “buy” rating in a research report on Sunday, August 27th. Jefferies Group LLC reissued a “buy” rating and issued a $85.00 price target on shares of OSI Systems in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Friday. Finally, TheStreet raised shares of OSI Systems from a “c+” rating to a “b-” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $91.14.

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Shares of OSI Systems, Inc. (NASDAQ:OSIS) traded down 0.01% during trading on Tuesday, reaching $85.58. The company’s stock had a trading volume of 2,057 shares. OSI Systems, Inc. has a one year low of $63.85 and a one year high of $86.14. The stock’s 50 day moving average is $81.37 and its 200 day moving average is $76.95. The firm has a market cap of $1.61 billion, a P/E ratio of 79.98 and a beta of 0.75.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 24th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.09. OSI Systems had a return on equity of 10.57% and a net margin of 2.19%. The firm had revenue of $252.40 million for the quarter, compared to analysts’ expectations of $253.58 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts forecast that OSI Systems, Inc. will post $3.46 EPS for the current fiscal year.

OSI Systems Profile

OSI Systems, Inc, through its subsidiaries, 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.

Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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