Pinebridge Investments L.P. Has $1.70 Million Stake in OSI Systems, Inc. (OSIS)

Pinebridge Investments L.P. increased its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 37.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,639 shares of the technology company’s stock after buying an additional 5,093 shares during the period. Pinebridge Investments L.P. owned 0.10% of OSI Systems worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OSIS. Teachers Advisors LLC increased its stake in OSI Systems by 3.4% in the first quarter. Teachers Advisors LLC now owns 29,743 shares of the technology company’s stock valued at $2,171,000 after acquiring an additional 973 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of OSI Systems by 3.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,290 shares of the technology company’s stock worth $322,000 after buying an additional 150 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of OSI Systems by 198.7% during the second quarter. Janney Montgomery Scott LLC now owns 11,113 shares of the technology company’s stock worth $835,000 after buying an additional 7,393 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of OSI Systems by 0.8% during the second quarter. Great West Life Assurance Co. Can now owns 25,859 shares of the technology company’s stock worth $1,943,000 after buying an additional 193 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of OSI Systems by 2.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 105,129 shares of the technology company’s stock worth $7,901,000 after buying an additional 2,239 shares during the last quarter.

A number of research firms have weighed in on OSIS. B. Riley reaffirmed a “buy” rating and set a $108.00 target price on shares of OSI Systems in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Roth Capital reaffirmed a “buy” rating and set a $97.00 target price on shares of OSI Systems in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. OSI Systems has an average rating of “Buy” and an average price target of $99.80.

Shares of OSI Systems, Inc. (NASDAQ OSIS) opened at $59.52 on Thursday. 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, Inc. has a one year low of $53.80 and a one year high of $96.64. The firm has a market cap of $1,594.68, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.79 and a beta of 0.71.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 26th. The technology company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.08. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The company had revenue of $257.13 million for the quarter, compared to analysts’ expectations of $248.52 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. OSI Systems’s revenue for the quarter was up 16.8% on a year-over-year basis. analysts forecast that OSI Systems, Inc. will post 3.47 EPS for the current 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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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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