Wells Fargo & Company MN Cuts Holdings in OSI Systems, Inc. (OSIS)
Wells Fargo & Company MN decreased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 23.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 443,302 shares of the technology company’s stock after selling 134,456 shares during the period. Wells Fargo & Company MN owned 2.37% of OSI Systems worth $33,315,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of OSIS. Schroder Investment Management Group boosted its holdings in shares of OSI Systems by 19.6% in the 2nd quarter. Schroder Investment Management Group now owns 89,088 shares of the technology company’s stock valued at $6,682,000 after buying an additional 14,592 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of OSI Systems by 0.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,351 shares of the technology company’s stock valued at $1,379,000 after buying an additional 112 shares in the last quarter. Swiss National Bank boosted its holdings in shares of OSI Systems by 3.4% in the 2nd quarter. Swiss National Bank now owns 30,600 shares of the technology company’s stock valued at $2,300,000 after buying an additional 1,000 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of OSI Systems in the 2nd quarter valued at about $263,000. Finally, Bridge City Capital LLC bought a new stake in shares of OSI Systems in the 2nd quarter valued at about $914,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts have recently weighed in on the stock. B. Riley set a $92.00 price target on shares of OSI Systems and gave the company a “buy” rating in a report on Sunday, August 27th. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Thursday, September 7th. Roth Capital restated a “buy” rating and issued a $97.00 price target on shares of OSI Systems in a report on Tuesday, August 29th. TheStreet upgraded shares of OSI Systems from a “c+” rating to a “b-” rating in a report on Thursday, August 10th. Finally, BidaskClub upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $91.14.
Shares of OSI Systems, Inc. (NASDAQ OSIS) opened at 86.49 on Thursday. The firm has a market capitalization of $1.62 billion, a PE ratio of 80.83 and a beta of 0.75. The company has a 50-day moving average of $81.55 and a 200-day moving average of $77.05. OSI Systems, Inc. has a 1-year low of $63.85 and a 1-year high of $86.88.
OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 24th. The technology company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.09. OSI Systems had a net margin of 2.19% and a return on equity of 10.57%. The firm had revenue of $252.40 million for the quarter, compared to analyst estimates of $253.58 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities research analysts predict that OSI Systems, Inc. will post $3.46 EPS for the current fiscal year.
About OSI Systems
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.
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