Pillar Pacific Capital Management LLC Sells 225 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Share on StockTwits

Pillar Pacific Capital Management LLC cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,700 shares of the technology company’s stock after selling 225 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in OSI Systems were worth $274,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OSIS. Vanguard Group Inc. increased its stake in shares of OSI Systems by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,840,347 shares of the technology company’s stock worth $207,278,000 after purchasing an additional 21,687 shares during the last quarter. Invesco Ltd. grew its stake in OSI Systems by 490.4% in the 2nd quarter. Invesco Ltd. now owns 674,280 shares of the technology company’s stock valued at $75,944,000 after buying an additional 560,080 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in OSI Systems by 6.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 520,004 shares of the technology company’s stock valued at $58,568,000 after buying an additional 30,014 shares during the last quarter. Neumeier Poma Investment Counsel LLC grew its stake in OSI Systems by 14.1% in the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 366,483 shares of the technology company’s stock valued at $41,277,000 after buying an additional 45,215 shares during the last quarter. Finally, Northern Trust Corp grew its stake in OSI Systems by 1.5% in the 2nd quarter. Northern Trust Corp now owns 236,027 shares of the technology company’s stock valued at $26,584,000 after buying an additional 3,438 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on OSIS. BidaskClub lowered shares of OSI Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Thursday, August 29th. ValuEngine lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, B. Riley set a $119.00 target price on shares of OSI Systems and gave the stock a “buy” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $112.00.

Shares of OSI Systems stock traded up $0.48 on Friday, reaching $95.77. 1,716 shares of the stock were exchanged, compared to its average volume of 142,316. The firm’s 50 day moving average is $99.91 and its 200-day moving average is $104.84. OSI Systems, Inc. has a one year low of $68.58 and a one year high of $117.21. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.61. The firm has a market cap of $1.75 billion, a PE ratio of 22.17, a P/E/G ratio of 1.62 and a beta of 0.82.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. OSI Systems had a net margin of 6.31% and a return on equity of 15.64%. The company had revenue of $290.90 million during the quarter, compared to the consensus estimate of $281.26 million. During the same quarter in the prior year, the firm posted $0.81 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities research analysts expect that OSI Systems, Inc. will post 4.72 EPS for the current fiscal year.

In other news, CEO Deepak Chopra sold 30,550 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $96.32, for a total transaction of $2,942,576.00. Following the completion of the sale, the chief executive officer now owns 506,459 shares of the company’s stock, valued at approximately $48,782,130.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ajay Mehra sold 2,668 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.98, for a total transaction of $266,746.64. Following the completion of the transaction, the insider now directly owns 124,659 shares of the company’s stock, valued at approximately $12,463,406.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 125,768 shares of company stock valued at $12,987,091. 6.80% of the stock is currently owned by insiders.

About OSI Systems

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 quantitative easing?

Institutional Ownership by Quarter for OSI Systems (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.



Latest News

Targa Resources  Rating Reiterated by Wells Fargo & Co
Targa Resources Rating Reiterated by Wells Fargo & Co
Zacks Investment Research Lowers Syros Pharmaceuticals  to Hold
Zacks Investment Research Lowers Syros Pharmaceuticals to Hold
Upland Software  Lowered to Hold at Zacks Investment Research
Upland Software Lowered to Hold at Zacks Investment Research
TapImmune  Releases Quarterly  Earnings Results
TapImmune Releases Quarterly Earnings Results
Seabridge Gold  Issues Quarterly  Earnings Results
Seabridge Gold Issues Quarterly Earnings Results
Recent Research Analysts’ Ratings Updates for DENTSPLY SIRONA
Recent Research Analysts’ Ratings Updates for DENTSPLY SIRONA


© 2006-2019 Ticker Report