36,600 Shares in OSI Systems, Inc. (OSIS) Acquired by Point72 Asset Management L.P.
Point72 Asset Management L.P. purchased a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 36,600 shares of the technology company’s stock, valued at approximately $3,344,000. Point72 Asset Management L.P. owned about 0.19% of OSI Systems as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC purchased a new stake in shares of OSI Systems during the 3rd quarter valued at about $227,000. Magnetar Financial LLC purchased a new stake in shares of OSI Systems during the 3rd quarter valued at about $204,000. Asset Management One Co. Ltd. increased its position in shares of OSI Systems by 29.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 3,210 shares of the technology company’s stock valued at $293,000 after purchasing an additional 730 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of OSI Systems by 24.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,272 shares of the technology company’s stock valued at $480,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Invictus RG purchased a new stake in shares of OSI Systems during the 3rd quarter valued at about $400,000.
OSIS has been the subject of several analyst reports. Roth Capital reissued a “buy” rating and issued a $97.00 target price on shares of OSI Systems in a report on Tuesday, August 29th. B. Riley set a $92.00 target price on shares of OSI Systems and gave the stock a “buy” rating in a report on Sunday, August 27th. Jefferies Group increased their target price on shares of OSI Systems from $85.00 to $93.00 and gave the stock a “buy” rating in a 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 target price for the company in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. OSI Systems currently has a consensus rating of “Buy” and an average target price of $99.80.
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, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The company had revenue of $257.13 million during the quarter, compared to analyst estimates of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 EPS. analysts predict that OSI Systems, Inc. will post 3.47 earnings per share for the current fiscal year.
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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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