Cortina Asset Management LLC Has $7.25 Million Stake in OSI Systems, Inc. (OSIS)
Cortina Asset Management LLC grew its position in OSI Systems, Inc. (NASDAQ:OSIS) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,372 shares of the technology company’s stock after buying an additional 690 shares during the period. Cortina Asset Management LLC owned 0.42% of OSI Systems worth $7,252,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Riverhead Capital Management LLC grew its stake in shares of OSI Systems by 95.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock valued at $118,000 after buying an additional 766 shares during the period. Advisor Group Inc. grew its stake in shares of OSI Systems by 6.9% in the 2nd quarter. Advisor Group Inc. now owns 1,602 shares of the technology company’s stock valued at $121,000 after buying an additional 104 shares during the period. Victory Capital Management Inc. grew its stake in shares of OSI Systems by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,199 shares of the technology company’s stock valued at $165,000 after buying an additional 331 shares during the period. Nine Chapters Capital Management LLC purchased a new stake in shares of OSI Systems in the 3rd quarter valued at approximately $201,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of OSI Systems in the 3rd quarter valued at approximately $211,000. 98.99% of the stock is owned by institutional investors and hedge funds.
OSI Systems, Inc. (NASDAQ:OSIS) traded up $0.07 during trading hours on Wednesday, hitting $90.06. 141,800 shares of the company were exchanged, compared to its average volume of 168,888. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.52 and a quick ratio of 0.93. The stock has a market cap of $1,706.97, a PE ratio of 26.94, a P/E/G ratio of 1.92 and a beta of 0.77. OSI Systems, Inc. has a 1 year low of $69.08 and a 1 year high of $96.64.
OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.08. The firm had revenue of $257.13 million during the quarter, compared to analysts’ expectations of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. equities analysts predict that OSI Systems, Inc. will post 3.47 earnings per share for the current year.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. B. Riley reissued a “buy” rating and issued a $108.00 price target on shares of OSI Systems in a research note on Tuesday, October 24th. Finally, Roth Capital reissued a “buy” rating and issued a $97.00 price target on shares of OSI Systems in a research note on Tuesday, August 29th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $99.80.
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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