Invictus RG bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,381 shares of the technology company’s stock, valued at approximately $400,000.
A number of other institutional investors also recently modified their holdings of the business. Pinebridge Investments L.P. boosted its position in OSI Systems by 37.6% in the third quarter. Pinebridge Investments L.P. now owns 18,639 shares of the technology company’s stock valued at $1,703,000 after buying an additional 5,093 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in OSI Systems by 6.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 112,297 shares of the technology company’s stock valued at $10,261,000 after buying an additional 7,168 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its position in OSI Systems by 5.3% in the third quarter. Neumeier Poma Investment Counsel LLC now owns 436,645 shares of the technology company’s stock valued at $39,896,000 after buying an additional 21,830 shares in the last quarter. Amalgamated Bank acquired a new stake in OSI Systems in the third quarter valued at approximately $218,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of OSI Systems by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 24,868 shares of the technology company’s stock worth $2,256,000 after purchasing an additional 4,206 shares during the period.
OSIS has been the topic of a number of recent research reports. Jefferies Group reiterated a “buy” rating and set a $85.00 price target on shares of OSI Systems in a report on Wednesday, August 9th. BidaskClub upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. TheStreet upgraded shares of OSI Systems from a “c+” rating to a “b-” rating in a report on Thursday, August 10th. B. Riley reiterated a “buy” rating and set a $92.00 price target (up previously from $87.00) on shares of OSI Systems in a report on Tuesday, August 22nd. Finally, Roth Capital reiterated a “buy” rating and set a $97.00 price target on shares of OSI Systems in a report on Tuesday, August 29th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $99.80.
OSI Systems, Inc. (OSIS) opened at $84.07 on Wednesday. The company has a market cap of $1,589.56, a price-to-earnings ratio of 25.09, a PEG ratio of 1.79 and a beta of 0.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 1.52. OSI Systems, Inc. has a fifty-two week low of $69.08 and a fifty-two week high of $96.64.
OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.08. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The business had revenue of $257.13 million during the quarter, compared to the consensus estimate of $248.52 million. During the same quarter last year, the firm earned $0.44 earnings per share. OSI Systems’s quarterly revenue was up 16.8% on a year-over-year basis. research analysts forecast that OSI Systems, Inc. will post 3.47 EPS for the current 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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