OSI Systems, Inc. (OSIS) Shares Sold by Capstone Asset Management Co.
Capstone Asset Management Co. reduced its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,690 shares of the technology company’s stock after selling 280 shares during the period. Capstone Asset Management Co.’s holdings in OSI Systems were worth $277,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Teachers Advisors LLC increased its stake in OSI Systems by 3.0% in the fourth quarter. Teachers Advisors LLC now owns 28,770 shares of the technology company’s stock valued at $2,190,000 after buying an additional 843 shares during the last quarter. CWM LLC acquired a new stake in OSI Systems during the first quarter valued at approximately $276,000. Louisiana State Employees Retirement System increased its stake in OSI Systems by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the technology company’s stock valued at $540,000 after buying an additional 100 shares during the last quarter. Legato Capital Management LLC increased its stake in OSI Systems by 7,199.0% in the first quarter. Legato Capital Management LLC now owns 44,597 shares of the technology company’s stock valued at $611,000 after buying an additional 43,986 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in OSI Systems by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 2,010 shares of the technology company’s stock valued at $146,000 after buying an additional 60 shares during the last quarter.
OSI Systems, Inc. (NASDAQ OSIS) traded down 1.08% during midday trading on Wednesday, hitting $80.69. The company’s stock had a trading volume of 27,762 shares. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 62.12 and a beta of 0.79. OSI Systems, Inc. has a one year low of $62.22 and a one year high of $83.32. The company’s 50-day moving average is $78.36 and its 200 day moving average is $75.97.
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OSIS has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and issued a $87.00 price objective on shares of OSI Systems in a report on Monday, April 24th. Zacks Investment Research upgraded OSI Systems from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Wednesday, April 26th. Jefferies Group LLC set a $85.00 price objective on OSI Systems and gave the stock a “buy” rating in a report on Wednesday, April 26th. Sidoti began coverage on OSI Systems in a research note on Wednesday, May 24th. They set a “buy” rating and a $99.00 price target for the company. Finally, BidaskClub downgraded OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $87.50.
About OSI Systems
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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