Earnest Partners LLC lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 0.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,194,291 shares of the technology company’s stock after acquiring an additional 2,580 shares during the quarter. OSI Systems accounts for approximately 1.2% of Earnest Partners LLC’s portfolio, making the stock its 14th largest position. Earnest Partners LLC owned about 0.07% of OSI Systems worth $134,513,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of OSIS. ClariVest Asset Management LLC bought a new stake in OSI Systems in the first quarter worth $9,585,000. Renaissance Technologies LLC lifted its stake in OSI Systems by 386.6% in the second quarter. Renaissance Technologies LLC now owns 81,308 shares of the technology company’s stock worth $9,158,000 after purchasing an additional 64,600 shares during the last quarter. First Trust Advisors LP bought a new stake in OSI Systems in the second quarter worth $5,560,000. SG Capital Management LLC lifted its stake in OSI Systems by 99.6% in the second quarter. SG Capital Management LLC now owns 91,818 shares of the technology company’s stock worth $10,341,000 after purchasing an additional 45,811 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its stake in OSI Systems by 45.2% in the first quarter. Kennedy Capital Management Inc. now owns 131,261 shares of the technology company’s stock worth $11,498,000 after purchasing an additional 40,854 shares during the last quarter. 98.86% of the stock is owned by institutional investors.
In related news, insider Ajay Mehra sold 2,668 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.98, for a total transaction of $266,746.64. Following the transaction, the insider now owns 124,659 shares in the company, valued at $12,463,406.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Deepak Chopra sold 35,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $106.54, for a total transaction of $3,728,900.00. Following the transaction, the insider now owns 549,530 shares in the company, valued at approximately $58,546,926.20. The disclosure for this sale can be found here. Insiders have sold 128,332 shares of company stock worth $13,587,838 in the last quarter. 8.60% of the stock is owned by corporate insiders.
Shares of NASDAQ OSIS opened at $104.98 on Friday. OSI Systems, Inc. has a 1 year low of $67.15 and a 1 year high of $117.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.68 and a quick ratio of 0.96. The company’s 50-day moving average is $106.76 and its 200 day moving average is $101.16. The stock has a market capitalization of $1.90 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.78 and a beta of 0.88.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Monday, August 26th. The technology company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.09. OSI Systems had a net margin of 5.48% and a return on equity of 15.68%. The company had revenue of $308.38 million for the quarter, compared to analysts’ expectations of $304.13 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. OSI Systems’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts anticipate that OSI Systems, Inc. will post 4.7 earnings per share for the current year.
A number of equities analysts have issued reports on the stock. BidaskClub cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 24th. B. Riley boosted their price objective on shares of OSI Systems from $113.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. ValuEngine cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. OSI Systems presently has an average rating of “Buy” and a consensus target price of $112.00.
OSI Systems Profile
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.
See Also: What is an economic bubble?
Want to see what other hedge funds are holding OSIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OSI Systems, Inc. (NASDAQ:OSIS).
Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.