The Manufacturers Life Insurance Company decreased its position in OSI Systems, Inc. (NASDAQ:OSIS) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,385 shares of the technology company’s stock after selling 258 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of OSI Systems worth $1,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverhead Capital Management LLC grew its holdings in shares of OSI Systems by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock worth $118,000 after purchasing an additional 766 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of OSI Systems by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock worth $121,000 after purchasing an additional 104 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of OSI Systems by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock worth $165,000 after purchasing an additional 331 shares during the last quarter. Emerald Advisers Inc. PA acquired a new position in OSI Systems during the 2nd quarter worth about $207,000. Finally, Bayesian Capital Management LP acquired a new position in OSI Systems during the 2nd quarter worth about $232,000. 98.94% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on OSIS shares. Jefferies Group LLC reiterated a “buy” rating and set a $85.00 price target on shares of OSI Systems in a research report on Wednesday, August 9th. BidaskClub upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. TheStreet upgraded shares of OSI Systems from a “c+” rating to a “b-” rating in a research report on Thursday, August 10th. B. Riley reiterated a “buy” rating and set a $92.00 price target (up previously from $87.00) on shares of OSI Systems in a research report on Tuesday, August 22nd. Finally, Roth Capital reiterated a “buy” rating and set a $97.00 price target on shares of OSI Systems in a research report on Tuesday, August 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. OSI Systems has a consensus rating of “Buy” and an average target price of $98.17.

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OSI Systems, Inc. (NASDAQ OSIS) opened at $90.70 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43. OSI Systems, Inc. has a 52-week low of $69.08 and a 52-week high of $96.64. The stock has a market cap of $1,712.66, a PE ratio of 27.03, a P/E/G ratio of 1.93 and a beta of 0.77.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.08. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The company had revenue of $257.13 million for the quarter, compared to the consensus estimate of $248.52 million. During the same period in the prior year, the company posted $0.44 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. analysts forecast that OSI Systems, Inc. will post 3.47 earnings per share for the current year.

OSI Systems Company 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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