OSI Systems, Inc. (NASDAQ:OSIS) saw unusually large options trading activity on Tuesday. Investors purchased 2,073 call options on the stock. This represents an increase of 1,052% compared to the typical volume of 180 call options.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in OSI Systems by 4.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 117,078 shares of the technology company’s stock valued at $7,538,000 after purchasing an additional 4,781 shares during the period. Nisa Investment Advisors LLC increased its holdings in OSI Systems by 249.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,110 shares of the technology company’s stock valued at $587,000 after purchasing an additional 6,500 shares during the period. Neuberger Berman Group LLC increased its holdings in OSI Systems by 5.1% in the third quarter. Neuberger Berman Group LLC now owns 364,781 shares of the technology company’s stock valued at $33,330,000 after purchasing an additional 17,715 shares during the period. California Public Employees Retirement System increased its holdings in OSI Systems by 7.5% in the third quarter. California Public Employees Retirement System now owns 39,332 shares of the technology company’s stock valued at $3,594,000 after purchasing an additional 2,732 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in OSI Systems in the third quarter valued at $165,000.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and set a $79.00 price target on shares of OSI Systems in a report on Monday, January 8th. BidaskClub upgraded shares of OSI Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, January 6th. Finally, B. Riley reiterated a “buy” rating and set a $108.00 price target on shares of OSI Systems in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. OSI Systems has a consensus rating of “Hold” and a consensus target price of $91.40.
OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.08. The company had revenue of $257.13 million during the quarter, compared to the consensus estimate of $248.52 million. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. research analysts predict that OSI Systems will post 3.47 EPS for the current fiscal year.
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OSI Systems Company 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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