OSI Systems, Inc. (OSIS) Stake Lowered by Janus Capital Management LLC
Janus Capital Management LLC decreased its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 9.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,456,678 shares of the technology company’s stock after selling 152,914 shares during the period. Janus Capital Management LLC owned about 0.08% of OSI Systems worth $106,323,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of OSI Systems during the fourth quarter valued at about $3,728,000. Comerica Bank raised its stake in shares of OSI Systems by 6.0% in the fourth quarter. Comerica Bank now owns 19,685 shares of the technology company’s stock valued at $1,424,000 after buying an additional 1,106 shares during the period. State Street Corp raised its stake in shares of OSI Systems by 3.6% in the fourth quarter. State Street Corp now owns 391,254 shares of the technology company’s stock valued at $29,781,000 after buying an additional 13,526 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of OSI Systems by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,259 shares of the technology company’s stock valued at $78,576,000 after buying an additional 52,077 shares during the period. Finally, Royce & Associates LP raised its stake in shares of OSI Systems by 6.5% in the fourth quarter. Royce & Associates LP now owns 49,000 shares of the technology company’s stock valued at $3,730,000 after buying an additional 3,000 shares during the period. 96.24% of the stock is owned by hedge funds and other institutional investors.
OSI Systems, Inc. (NASDAQ:OSIS) traded down 0.20% during midday trading on Monday, hitting $74.15. The stock had a trading volume of 35,951 shares. The company has a market capitalization of $1.38 billion, a PE ratio of 57.08 and a beta of 0.75. The stock’s 50-day moving average is $78.03 and its 200-day moving average is $75.19. OSI Systems, Inc. has a 1-year low of $54.20 and a 1-year high of $82.26.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. The firm had revenue of $245.15 million during the quarter, compared to the consensus estimate of $244.35 million. OSI Systems had a net margin of 2.73% and a return on equity of 9.04%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 EPS. Equities research analysts forecast that OSI Systems, Inc. will post $2.90 EPS for the current year.
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OSIS has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $87.00 price target on shares of OSI Systems in a research note on Wednesday, March 1st. Zacks Investment Research lowered OSI Systems from a “buy” rating to a “hold” rating in a research note on Thursday, March 30th. Jefferies Group LLC initiated coverage on OSI Systems in a research note on Wednesday, April 12th. They set a “buy” rating and a $86.00 price target for the company. Finally, Sidoti initiated coverage on OSI Systems in a research note on Wednesday, May 24th. They set a “buy” rating and a $99.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. OSI Systems presently has a consensus rating of “Buy” and a consensus price target of $87.50.
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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