USA Financial Portformulas Corp Buys New Holdings in FLIR Systems, Inc. (FLIR)

USA Financial Portformulas Corp bought a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,673 shares of the scientific and technical instruments company’s stock, valued at approximately $2,623,000. USA Financial Portformulas Corp owned approximately 0.06% of FLIR Systems at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Commonwealth Bank of Australia raised its holdings in FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in FLIR Systems during the second quarter worth approximately $116,000. ETF Managers Group LLC bought a new stake in FLIR Systems during the second quarter worth approximately $171,000. OppenheimerFunds Inc. bought a new stake in FLIR Systems during the first quarter worth approximately $203,000. Finally, BlueCrest Capital Management Ltd bought a new stake in FLIR Systems during the first quarter worth approximately $226,000. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

FLIR Systems, Inc. (NASDAQ:FLIR) traded down 0.07% on Tuesday, reaching $42.57. 229,886 shares of the company’s stock traded hands. The firm has a market capitalization of $5.84 billion, a PE ratio of 27.45 and a beta of 0.60. The firm’s 50 day moving average price is $39.68 and its 200 day moving average price is $37.50. FLIR Systems, Inc. has a 52-week low of $28.26 and a 52-week high of $43.41.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The company had revenue of $434.12 million for the quarter, compared to analyst estimates of $437.32 million. During the same period in the prior year, the business earned $0.37 earnings per share. FLIR Systems’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that FLIR Systems, Inc. will post $1.85 EPS for the current fiscal year.

FLIR has been the topic of several recent analyst reports. BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Needham & Company LLC boosted their target price on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Stephens initiated coverage on FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating on the stock. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, July 27th. Finally, UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. FLIR Systems currently has an average rating of “Buy” and a consensus price target of $39.17.

COPYRIGHT VIOLATION WARNING: “USA Financial Portformulas Corp Buys New Holdings in FLIR Systems, Inc. (FLIR)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/17/usa-financial-portformulas-corp-buys-new-holdings-in-flir-systems-inc-flir.html.

In other news, Director Earl R. Lewis sold 11,587 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.27, for a total transaction of $431,847.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.25, for a total transaction of $9,995,490.00. The disclosure for this sale can be found here. Insiders have sold 292,907 shares of company stock worth $11,191,737 over the last quarter. 3.00% of the stock is owned by company insiders.

About FLIR Systems

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and

Other large investors have also recently made changes to their positions in the company. Commonwealth Bank of Australia raised its holdings in FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in FLIR Systems during the second quarter worth approximately $116,000. ETF Managers Group LLC bought a new stake in FLIR Systems during the second quarter worth approximately $171,000. OppenheimerFunds Inc. bought a new stake in FLIR Systems during the first quarter worth approximately $203,000. Finally, BlueCrest Capital Management Ltd bought a new stake in FLIR Systems during the first quarter worth approximately $226,000. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

FLIR Systems, Inc. (NASDAQ:FLIR) traded down 0.07% on Tuesday, reaching $42.57. 229,886 shares of the company’s stock traded hands. The firm has a market capitalization of $5.84 billion, a PE ratio of 27.45 and a beta of 0.60. The firm’s 50 day moving average price is $39.68 and its 200 day moving average price is $37.50. FLIR Systems, Inc. has a 52-week low of $28.26 and a 52-week high of $43.41.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The company had revenue of $434.12 million for the quarter, compared to analyst estimates of $437.32 million. During the same period in the prior year, the business earned $0.37 earnings per share. FLIR Systems’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that FLIR Systems, Inc. will post $1.85 EPS for the current fiscal year.

FLIR has been the topic of several recent analyst reports. BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Needham & Company LLC boosted their target price on FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Stephens initiated coverage on FLIR Systems in a report on Friday, July 7th. They set an “overweight” rating on the stock. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, July 27th. Finally, UBS AG raised FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. FLIR Systems currently has an average rating of “Buy” and a consensus price target of $39.17.

COPYRIGHT VIOLATION WARNING: “USA Financial Portformulas Corp Buys New Holdings in FLIR Systems, Inc. (FLIR)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another domain, it was stolen and reposted in violation of international copyright & trademark law. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/17/usa-financial-portformulas-corp-buys-new-holdings-in-flir-systems-inc-flir.html.

In other news, Director Earl R. Lewis sold 11,587 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $37.27, for a total transaction of $431,847.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.25, for a total transaction of $9,995,490.00. The disclosure for this sale can be found here. Insiders have sold 292,907 shares of company stock worth $11,191,737 over the last quarter. 3.00% of the stock is owned by company insiders.

About FLIR Systems

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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