Pacad Investment Ltd. acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,500 shares of the technology company’s stock, valued at approximately $263,000.

Several other hedge funds also recently added to or reduced their stakes in OSIS. BlackRock Inc. boosted its position in shares of OSI Systems by 51,732.1% during the 1st quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock worth $164,115,000 after purchasing an additional 2,244,137 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of OSI Systems by 57.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock worth $40,657,000 after purchasing an additional 203,144 shares in the last quarter. Redwood Investments LLC bought a new position in shares of OSI Systems during the 1st quarter worth about $9,342,000. Aberdeen Asset Management PLC UK boosted its position in shares of OSI Systems by 16.9% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 631,543 shares of the technology company’s stock worth $46,096,000 after purchasing an additional 91,517 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of OSI Systems by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 1,606,669 shares of the technology company’s stock worth $117,271,000 after purchasing an additional 76,598 shares in the last quarter.

A number of equities analysts have recently issued reports on the stock. B. Riley set a $92.00 price objective on shares of OSI Systems and gave the stock a “buy” rating in a research report on Sunday, August 27th. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Thursday. Roth Capital reissued a “buy” rating and set a $97.00 price objective on shares of OSI Systems in a research report on Tuesday, August 29th. TheStreet raised shares of OSI Systems from a “c+” rating to a “b-” rating in a research report on Thursday, August 10th. Finally, BidaskClub raised shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. OSI Systems currently has a consensus rating of “Buy” and a consensus target price of $91.43.

OSI Systems, Inc. (NASDAQ:OSIS) opened at 82.39 on Monday. The company has a 50-day moving average of $80.71 and a 200 day moving average of $76.65. OSI Systems, Inc. has a 12 month low of $62.22 and a 12 month high of $86.14. The company has a market cap of $1.60 billion, a PE ratio of 77.00 and a beta of 0.75.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 24th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.93 by $0.09. OSI Systems had a net margin of 2.19% and a return on equity of 10.57%. The business had revenue of $252.40 million for the quarter, compared to analyst estimates of $253.58 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. OSI Systems’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts forecast that OSI Systems, Inc. will post $3.46 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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