Janus Henderson Group PLC cut its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,337,925 shares of the technology company’s stock after selling 109,731 shares during the period. Janus Henderson Group PLC owned approximately 7.05% of OSI Systems worth $122,246,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Emerald Advisers Inc. PA increased its stake in shares of OSI Systems by 6,051.2% during the 3rd quarter. Emerald Advisers Inc. PA now owns 169,650 shares of the technology company’s stock worth $15,501,000 after purchasing an additional 166,892 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of OSI Systems during the 3rd quarter worth approximately $11,235,000. OxFORD Asset Management LLP purchased a new position in shares of OSI Systems during the 2nd quarter worth approximately $3,465,000. Gotham Asset Management LLC increased its stake in shares of OSI Systems by 609.2% during the 2nd quarter. Gotham Asset Management LLC now owns 52,174 shares of the technology company’s stock worth $3,921,000 after purchasing an additional 44,817 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its stake in shares of OSI Systems by 11.4% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 414,815 shares of the technology company’s stock worth $31,173,000 after purchasing an additional 42,470 shares in the last quarter.
A number of brokerages have recently weighed in on OSIS. B. Riley reissued a “buy” rating and set a $108.00 price objective on shares of OSI Systems in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Roth Capital reissued a “buy” rating and set a $97.00 price objective on shares of OSI Systems in a research note on Tuesday, August 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $99.80.
Shares of OSI Systems, Inc. (NASDAQ OSIS) opened at $66.38 on Thursday. The company has a market cap of $1,272.78, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 0.43. OSI Systems, Inc. has a 12 month low of $53.80 and a 12 month high of $96.64.
OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 26th. The technology company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The firm had revenue of $257.13 million during the quarter, compared to analysts’ expectations of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. OSI Systems’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. equities analysts anticipate that OSI Systems, Inc. will post 3.47 earnings per share for the current fiscal year.
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OSI Systems Company 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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