Bluestein R H & Co. Continues to Hold Stake in OSI Systems, Inc. (OSIS)
Bluestein R H & Co. continued to hold its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the company’s stock at the end of the fourth quarter. Bluestein R H & Co.’s holdings in OSI Systems were worth $381,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. BlackRock Fund Advisors raised its position in shares of OSI Systems by 9.6% in the third quarter. BlackRock Fund Advisors now owns 1,213,852 shares of the company’s stock valued at $79,362,000 after buying an additional 106,576 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in OSI Systems by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,259 shares of the company’s stock valued at $78,576,000 after buying an additional 52,077 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake in OSI Systems by 35.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 540,026 shares of the company’s stock valued at $41,107,000 after buying an additional 140,285 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in OSI Systems by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 460,190 shares of the company’s stock valued at $30,087,000 after buying an additional 2,291 shares during the last quarter. Finally, State Street Corp boosted its stake in OSI Systems by 3.6% in the fourth quarter. State Street Corp now owns 391,254 shares of the company’s stock valued at $29,781,000 after buying an additional 13,526 shares during the last quarter. Institutional investors and hedge funds own 95.42% of the company’s stock.
OSI Systems, Inc. (NASDAQ:OSIS) traded up 0.92% during midday trading on Thursday, reaching $78.30. The company’s stock had a trading volume of 1,024,871 shares. The firm has a 50 day moving average of $74.83 and a 200 day moving average of $70.38. OSI Systems, Inc. has a 52-week low of $48.76 and a 52-week high of $81.55. The firm has a market cap of $1.50 billion, a P/E ratio of 74.15 and a beta of 0.77.
OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 26th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. OSI Systems had a return on equity of 8.41% and a net margin of 2.32%. The company earned $242.55 million during the quarter, compared to the consensus estimate of $232.98 million. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year. Analysts anticipate that OSI Systems, Inc. will post $2.87 earnings per share for the current fiscal year.
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Several research firms have commented on OSIS. B. Riley restated a “buy” rating and issued a $85.00 target price on shares of OSI Systems in a research note on Thursday, February 2nd. Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “strong-buy” rating and set a $89.00 target price on the stock in a research note on Tuesday, January 31st. Finally, Drexel Hamilton began coverage on OSI Systems in a research note on Wednesday, November 16th. They issued a “buy” rating and a $90.00 target price on the stock. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $79.50.
In other news, General Counsel Victor S. Sze sold 34,000 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $75.51, for a total transaction of $2,567,340.00. Following the completion of the transaction, the general counsel now directly owns 198,341 shares in the company, valued at $14,976,728.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manoocher M. Aliabadi sold 3,538 shares of the firm’s stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $75.47, for a total value of $267,012.86. Following the transaction, the insider now owns 55,173 shares of the company’s stock, valued at $4,163,906.31. The disclosure for this sale can be found here. Insiders have sold 134,576 shares of company stock valued at $10,285,613 over the last 90 days. 7.50% of the stock is owned by corporate insiders.
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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