45,568 Shares in FLIR Systems, Inc. (FLIR) Acquired by Nomura Holdings Inc.
Nomura Holdings Inc. bought a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 45,568 shares of the scientific and technical instruments company’s stock, valued at approximately $1,579,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia grew its stake in FLIR Systems by 14.0% during the second quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock worth $111,000 after purchasing an additional 400 shares during the period. Acrospire Investment Management LLC acquired a new stake in FLIR Systems during the second quarter worth approximately $116,000. ETF Managers Group LLC acquired a new stake in FLIR Systems during the second quarter worth approximately $171,000. OppenheimerFunds Inc. acquired a new stake in FLIR Systems during the first quarter worth approximately $203,000. Finally, TrimTabs Asset Management LLC grew its stake in FLIR Systems by 104.9% during the second quarter. TrimTabs Asset Management LLC now owns 6,340 shares of the scientific and technical instruments company’s stock worth $220,000 after purchasing an additional 3,246 shares during the period. 90.72% of the stock is owned by institutional investors and hedge funds.
In other news, COO Thomas A. Surran sold 261,320 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $38.25, for a total value of $9,995,490.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Earl R. Lewis sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $38.22, for a total value of $764,400.00. Following the completion of the sale, the director now directly owns 509,379 shares in the company, valued at $19,468,465.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 292,907 shares of company stock worth $11,191,737. Insiders own 3.00% of the company’s stock.
FLIR Systems, Inc. (NASDAQ FLIR) opened at 42.72 on Monday. The firm has a 50-day moving average price of $39.68 and a 200 day moving average price of $37.50. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 27.54 and a beta of 0.60. FLIR Systems, Inc. has a one year low of $28.26 and a one year high of $43.41.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a return on equity of 13.97% and a net margin of 12.44%. The firm had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. During the same period in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts expect that FLIR Systems, Inc. will post $1.85 earnings per share for the current fiscal year.
Several equities research analysts recently commented on the company. BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Thursday, July 27th. UBS AG upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Raymond James Financial, Inc. upgraded FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Monday, July 10th. Finally, Stephens assumed coverage on FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. FLIR Systems has a consensus rating of “Buy” and a consensus price target of $39.17.
FLIR Systems Company Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
Receive News & Stock Ratings for FLIR Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems Inc. and related stocks with our FREE daily email newsletter.