Nordea Investment Management AB reduced its position in OSI Systems, Inc. (NASDAQ:OSIS – Get Rating) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,284 shares of the technology company’s stock after selling 3,096 shares during the quarter. Nordea Investment Management AB owned about 0.39% of OSI Systems worth $5,275,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of OSI Systems in the second quarter valued at $25,000. Ronald Blue Trust Inc. increased its holdings in OSI Systems by 105.6% during the 4th quarter. Ronald Blue Trust Inc. now owns 405 shares of the technology company’s stock worth $29,000 after purchasing an additional 208 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in OSI Systems during the 3rd quarter worth approximately $31,000. Captrust Financial Advisors increased its holdings in OSI Systems by 305.6% during the 1st quarter. Captrust Financial Advisors now owns 718 shares of the technology company’s stock worth $61,000 after purchasing an additional 541 shares during the last quarter. Finally, Point72 Hong Kong Ltd increased its holdings in shares of OSI Systems by 924.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 1,455 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,313 shares during the last quarter. 89.01% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
OSIS has been the subject of a number of analyst reports. StockNews.com started coverage on OSI Systems in a research report on Thursday, March 16th. They set a “buy” rating for the company. B. Riley raised their target price on OSI Systems from $120.00 to $137.00 in a report on Friday, April 28th.
OSI Systems Stock Up 2.2 %
OSI Systems (NASDAQ:OSIS – Get Rating) last posted its earnings results on Thursday, April 27th. The technology company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.47 by $0.02. OSI Systems had a return on equity of 14.73% and a net margin of 6.91%. The company had revenue of $302.89 million for the quarter, compared to the consensus estimate of $302.92 million. During the same quarter in the prior year, the business earned $1.43 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts expect that OSI Systems, Inc. will post 6.1 earnings per share for the current year.
Insider Buying and Selling
In related news, insider Manoocher M. Aliabadi sold 2,000 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $91.46, for a total transaction of $182,920.00. Following the sale, the insider now owns 83,349 shares of the company’s stock, valued at $7,623,099.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, General Counsel Victor S. Sze sold 20,000 shares of OSI Systems stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $117.70, for a total value of $2,354,000.00. Following the completion of the transaction, the general counsel now directly owns 76,950 shares of the company’s stock, valued at approximately $9,057,015. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Manoocher M. Aliabadi sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $91.46, for a total value of $182,920.00. Following the completion of the sale, the insider now owns 83,349 shares of the company’s stock, valued at $7,623,099.54. The disclosure for this sale can be found here. Insiders have sold 22,565 shares of company stock valued at $2,603,810 over the last 90 days. 6.20% of the stock is owned by corporate insiders.
OSI Systems Company Profile
OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.
Read More
- Get a free copy of the StockNews.com research report on OSI Systems (OSIS)
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