Westwood Holdings Group Inc. grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 601,321 shares of the technology company’s stock after purchasing an additional 18,192 shares during the period. Westwood Holdings Group Inc. owned about 3.22% of OSI Systems worth $45,282,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Neumeier Poma Investment Counsel LLC lifted its holdings in shares of OSI Systems by 11.4% during the second quarter. Neumeier Poma Investment Counsel LLC now owns 414,815 shares of the technology company’s stock valued at $31,173,000 after purchasing an additional 42,470 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of OSI Systems by 2.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 105,129 shares of the technology company’s stock valued at $7,901,000 after purchasing an additional 2,239 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of OSI Systems by 5.0% during the first 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 last quarter. BlackRock Inc. lifted its holdings in shares of OSI Systems by 51,732.1% during the first 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 last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of OSI Systems by 26.2% during the first quarter. Bank of America Corp DE now owns 160,326 shares of the technology company’s stock valued at $11,702,000 after purchasing an additional 33,273 shares during the last quarter. 99.60% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on OSIS shares. Zacks Investment Research raised OSI Systems from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Friday, September 22nd. Roth Capital reissued a “buy” rating and issued a $97.00 price objective on shares of OSI Systems in a research note on Tuesday, August 29th. BidaskClub raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC increased their price objective on OSI Systems from $85.00 to $93.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $95.00.
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Shares of OSI Systems, Inc. (NASDAQ:OSIS) traded up 0.80% during midday trading on Thursday, reaching $96.08. The company had a trading volume of 34,508 shares. OSI Systems, Inc. has a 52-week low of $65.21 and a 52-week high of $96.63. The company’s 50-day moving average is $86.76 and its 200-day moving average is $79.19. The firm has a market cap of $1.80 billion, a P/E ratio of 89.79 and a beta of 0.76.
OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, August 24th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $253.58 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. Equities research analysts expect 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.
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