Ameriprise Financial Inc. Reduces Stake in OSI Systems Inc. (OSIS)
Ameriprise Financial Inc. decreased its position in OSI Systems Inc. (NASDAQ:OSIS) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 367,129 shares of the company’s stock after selling 18,437 shares during the period. Ameriprise Financial Inc. owned approximately 1.94% of OSI Systems worth $21,342,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSIS. DekaBank Deutsche Girozentrale boosted its stake in shares of OSI Systems by 100.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,000 shares of the company’s stock valued at $112,000 after buying an additional 1,000 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of OSI Systems by 29.6% in the first quarter. Legal & General Group Plc now owns 5,153 shares of the company’s stock valued at $337,000 after buying an additional 1,176 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of OSI Systems by 5.1% in the second quarter. Capstone Asset Management Co. now owns 6,640 shares of the company’s stock valued at $386,000 after buying an additional 320 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of OSI Systems during the first quarter valued at about $470,000. Finally, Royal Bank of Canada boosted its stake in shares of OSI Systems by 34.3% in the first quarter. Royal Bank of Canada now owns 7,368 shares of the company’s stock valued at $483,000 after buying an additional 1,882 shares during the last quarter. Institutional investors own 93.45% of the company’s stock.
OSI Systems Inc. (NASDAQ:OSIS) traded up 0.16% during trading on Friday, reaching $63.43. The company had a trading volume of 319,399 shares. OSI Systems Inc. has a 52-week low of $48.19 and a 52-week high of $96.75. The company has a market capitalization of $1.20 billion, a PE ratio of 48.79 and a beta of 1.25. The stock has a 50 day moving average price of $64.34 and a 200-day moving average price of $59.15.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. OSI Systems had a net margin of 3.15% and a return on equity of 7.69%. The company earned $221.47 million during the quarter, compared to analysts’ expectations of $232.32 million. During the same period in the previous year, the company earned $1.22 EPS. The business’s quarterly revenue was down 16.9% compared to the same quarter last year. On average, equities research analysts anticipate that OSI Systems Inc. will post $2.64 earnings per share for the current fiscal year.
Several analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $65.00 price objective on shares of OSI Systems in a research note on Monday, June 27th. Roth Capital reiterated a “buy” rating on shares of OSI Systems in a research note on Sunday, June 26th. Benchmark Co. upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research note on Tuesday, June 21st. Zacks Investment Research upgraded OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price objective on the stock in a research note on Wednesday, June 29th. Finally, CJS Securities assumed coverage on OSI Systems in a research note on Tuesday, June 14th. They issued a “market outperform” rating and a $68.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $73.83.
In other news, Director Steven C. Good sold 3,000 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $63.35, for a total transaction of $190,050.00. Following the completion of the sale, the director now directly owns 23,725 shares of the company’s stock, valued at approximately $1,502,978.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.70% of the company’s stock.
OSI Systems Company Profile
OSI Systems, Inc 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. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.
Receive News & Ratings for OSI Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.