Dimensional Fund Advisors LP increased its stake in shares of OSI Systems Inc. (NASDAQ:OSIS) by 0.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 973,450 shares of the company’s stock after buying an additional 3,067 shares during the period. Dimensional Fund Advisors LP owned about 5.15% of OSI Systems worth $56,585,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its position in OSI Systems by 1.3% in the first quarter. State Street Corp now owns 401,494 shares of the company’s stock worth $26,297,000 after buying an additional 5,030 shares during the period. Neuberger Berman Group LLC boosted its position in OSI Systems by 12.3% in the second quarter. Neuberger Berman Group LLC now owns 325,405 shares of the company’s stock worth $18,915,000 after buying an additional 35,633 shares during the period. Aberdeen Asset Management PLC UK boosted its position in OSI Systems by 81.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 308,149 shares of the company’s stock worth $17,912,000 after buying an additional 138,060 shares during the period. Schroder Investment Management Group boosted its position in OSI Systems by 9.6% in the second quarter. Schroder Investment Management Group now owns 254,182 shares of the company’s stock worth $14,776,000 after buying an additional 22,182 shares during the period. Finally, American Century Companies Inc. acquired a new position in OSI Systems during the second quarter worth approximately $13,143,000. 93.45% of the stock is owned by hedge funds and other institutional investors.
OSI Systems Inc. (NASDAQ:OSIS) traded up 0.76% during midday trading on Wednesday, hitting $66.49. The company’s stock had a trading volume of 20,267 shares. The company has a market cap of $1.26 billion, a PE ratio of 51.15 and a beta of 1.18. The stock has a 50 day moving average of $66.12 and a 200 day moving average of $59.48. OSI Systems Inc. has a 52-week low of $48.19 and a 52-week high of $96.75.
OSI Systems (NASDAQ:OSIS) last posted its earnings results on Tuesday, August 16th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The company had revenue of $221.47 million for the quarter, compared to analysts’ expectations of $232.32 million. OSI Systems had a return on equity of 7.69% and a net margin of 3.15%. OSI Systems’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. On average, equities analysts expect that OSI Systems Inc. will post $2.64 EPS for the current year.
A number of research firms have recently commented on OSIS. B. Riley reissued a “buy” rating and set a $65.00 price target on shares of OSI Systems in a report on Monday, June 27th. Roth Capital restated a “buy” rating on shares of OSI Systems in a research report on Sunday, June 26th. Benchmark Co. upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, June 21st. Finally, Zacks Investment Research upgraded OSI Systems from a “strong sell” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Wednesday, June 29th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $74.67.
In related news, Director Steven C. Good sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $63.35, for a total value of $190,050.00. Following the sale, the director now directly owns 23,725 shares of the company’s stock, valued at $1,502,978.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.70% of the stock is owned by corporate insiders.
OSI Systems Company Profile
OSI Systems, Inc 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. The Company has three operating divisions: Security, Healthcare, and Optoelectronics and Manufacturing.
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