First Trust Advisors LP Acquires 5,268 Shares of OSI Systems, Inc. (OSIS)

First Trust Advisors LP lifted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 126.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,431 shares of the technology company’s stock after buying an additional 5,268 shares during the period. First Trust Advisors LP owned about 0.05% of OSI Systems worth $862,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Riverhead Capital Management LLC boosted its stake in shares of OSI Systems by 95.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,566 shares of the technology company’s stock worth $118,000 after buying an additional 766 shares during the last quarter. Advisor Group Inc. lifted its stake in 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 purchasing an additional 104 shares during the last quarter. Victory Capital Management Inc. lifted its stake in 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 purchasing an additional 331 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in OSI Systems in the 2nd quarter valued at about $232,000. Finally, FNY Managed Accounts LLC acquired a new stake in OSI Systems in the 2nd quarter valued at about $247,000.

Several equities research analysts recently issued reports on OSIS shares. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Friday, September 22nd. 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. B. Riley reiterated a “buy” rating and issued a $108.00 target price on shares of OSI Systems in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. OSI Systems presently has a consensus rating of “Buy” and an average target price of $99.80.

Shares of OSI Systems, Inc. (NASDAQ:OSIS) opened at $84.07 on Wednesday. OSI Systems, Inc. has a one year low of $69.08 and a one year high of $96.64. The stock has a market cap of $1,589.56, a PE ratio of 25.09, a P/E/G ratio of 1.79 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 1.52 and a debt-to-equity ratio of 0.43.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. The firm had revenue of $257.13 million for 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 business’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. equities analysts predict that OSI Systems, Inc. will post 3.47 earnings per share for the current fiscal year.

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

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