OSI Systems, Inc. (OSIS) Shares Sold by BlackRock Inc.
BlackRock Inc. decreased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,114,637 shares of the technology company’s stock after selling 133,838 shares during the period. BlackRock Inc. owned approximately 11.32% of OSI Systems worth $158,914,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Nationwide Fund Advisors boosted its stake in OSI Systems by 0.6% during the second quarter. Nationwide Fund Advisors now owns 12,294 shares of the technology company’s stock valued at $924,000 after buying an additional 74 shares during the period. TIAA CREF Investment Management LLC boosted its stake in OSI Systems by 15.0% during the second quarter. TIAA CREF Investment Management LLC now owns 54,745 shares of the technology company’s stock valued at $4,114,000 after buying an additional 7,153 shares during the period. Teachers Advisors LLC boosted its stake in OSI Systems by 8.1% during the second quarter. Teachers Advisors LLC now owns 32,162 shares of the technology company’s stock valued at $2,417,000 after buying an additional 2,419 shares during the period. FNY Managed Accounts LLC bought a new stake in OSI Systems during the second quarter valued at $247,000. Finally, Riverhead Capital Management LLC boosted its stake in OSI Systems by 95.8% during the second quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after buying an additional 766 shares during the period. 99.60% of the stock is owned by institutional investors.
Shares of OSI Systems, Inc. (NASDAQ OSIS) opened at 95.76 on Friday. OSI Systems, Inc. has a 52 week low of $65.21 and a 52 week high of $96.63. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 89.50 and a beta of 0.76. The firm’s 50-day moving average price is $87.25 and its 200 day moving average price is $79.31.
OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, August 24th. The technology company reported $1.02 EPS for the quarter, beating the 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 business had revenue of $252.40 million during the quarter, compared to the consensus estimate of $253.58 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that OSI Systems, Inc. will post $3.46 EPS for the current year.
OSIS has been the subject of several research analyst reports. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th. BidaskClub raised OSI Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of OSI Systems in a research note on Wednesday, August 9th. Roth Capital reaffirmed a “buy” rating and set a $97.00 price target on shares of OSI Systems in a research note on Tuesday, August 29th. Finally, B. Riley set a $92.00 price target on OSI Systems and gave the stock a “buy” rating in a research note on Sunday, August 27th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $95.00.
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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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