OSI Systems, Inc. (OSIS) Shares Sold by Miles Capital Inc.
Miles Capital Inc. trimmed its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,046 shares of the technology company’s stock after selling 19 shares during the period. Miles Capital Inc.’s holdings in OSI Systems were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in OSI Systems by 51,732.1% in the first quarter. BlackRock Inc. now owns 2,248,475 shares of the technology company’s stock worth $164,115,000 after buying an additional 2,244,137 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 valued at $40,657,000 after buying an additional 203,144 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $117,271,000 after buying an additional 76,598 shares during the last quarter. OxFORD Asset Management LLP purchased a new position in shares of OSI Systems during the 2nd quarter valued at $3,465,000. Finally, Neumeier Poma Investment Counsel LLC lifted its position in shares of OSI Systems by 11.4% during the 2nd quarter. Neumeier Poma Investment Counsel LLC now owns 414,815 shares of the technology company’s stock valued at $31,173,000 after buying an additional 42,470 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.
OSIS has been the subject of several recent research reports. B. Riley reissued a “buy” rating and issued a $92.00 price objective (up previously from $87.00) on shares of OSI Systems in a report on Tuesday, August 22nd. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, September 15th. BidaskClub upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $97.00 target price on shares of OSI Systems in a research note on Tuesday, August 29th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. OSI Systems has an average rating of “Buy” and a consensus price target of $92.14.
Shares of OSI Systems, Inc. (NASDAQ:OSIS) traded up 0.36% during midday trading on Monday, hitting $91.70. The stock had a trading volume of 16,180 shares. OSI Systems, Inc. has a 12 month low of $64.01 and a 12 month high of $92.34. The stock’s 50 day moving average price is $81.55 and its 200 day moving average price is $77.05. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 85.70 and a beta of 0.76.
OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 24th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.09. OSI Systems had a net margin of 2.19% and a return on equity of 10.57%. The company had revenue of $252.40 million for the quarter, compared to analysts’ expectations of $253.58 million. During the same quarter in the previous year, the company earned $0.55 EPS. OSI Systems’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, equities analysts forecast that OSI Systems, Inc. will post $3.46 EPS for the current fiscal year.
OSI Systems Profile
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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