Wells Fargo & Company MN Decreases Holdings in OSI Systems, Inc. (OSIS)
Wells Fargo & Company MN cut its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 25.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 329,980 shares of the technology company’s stock after selling 113,322 shares during the quarter. Wells Fargo & Company MN owned about 1.74% of OSI Systems worth $30,152,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Riverhead Capital Management LLC increased its stake 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 acquiring an additional 766 shares in the last quarter. Advisor Group Inc. increased its stake 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 acquiring an additional 104 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 acquiring an additional 331 shares in the last quarter. Nine Chapters Capital Management LLC bought a new position in shares of OSI Systems in the 3rd quarter worth about $201,000. Finally, Icon Advisers Inc. Co. bought a new position in shares of OSI Systems in the 3rd quarter worth about $210,000.
Shares of OSI Systems, Inc. (NASDAQ OSIS) opened at $65.19 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 1.52. The stock has a market cap of $1,259.13, a PE ratio of 19.87, a PEG ratio of 1.42 and a beta of 0.71. OSI Systems, Inc. has a 1-year low of $53.80 and a 1-year high of $96.64.
OSI Systems (NASDAQ:OSIS) last announced its quarterly 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. The firm had revenue of $257.13 million for the quarter, compared to the consensus estimate of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. sell-side analysts forecast that OSI Systems, Inc. will post 3.47 earnings per share for the current year.
OSIS has been the topic of several recent analyst reports. Roth Capital reissued a “buy” rating and set a $97.00 price objective on shares of OSI Systems in a research report on Tuesday, August 29th. B. Riley set a $92.00 price objective on shares of OSI Systems and gave the company a “buy” rating in a research report on Sunday, August 27th. Jefferies Group increased their price objective on shares of OSI Systems from $85.00 to $93.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Thursday, September 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $99.80.
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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.
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