American International Group Inc. Grows Holdings in OSI Systems, Inc. (OSIS)

American International Group Inc. grew its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,802 shares of the technology company’s stock after purchasing an additional 725 shares during the quarter. American International Group Inc. owned about 0.07% of OSI Systems worth $1,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OSIS. Oppenheimer & Co. Inc. increased its holdings in shares of OSI Systems by 2.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,155 shares of the technology company’s stock worth $3,303,000 after buying an additional 740 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in shares of OSI Systems during the 3rd quarter worth approximately $210,000. Cortina Asset Management LLC increased its holdings in shares of OSI Systems by 0.9% during the 3rd quarter. Cortina Asset Management LLC now owns 79,372 shares of the technology company’s stock worth $7,252,000 after buying an additional 690 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of OSI Systems by 88.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,505 shares of the technology company’s stock worth $1,325,000 after buying an additional 6,800 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of OSI Systems by 1.6% during the 3rd quarter. Rhumbline Advisers now owns 36,312 shares of the technology company’s stock worth $3,318,000 after buying an additional 560 shares during the last quarter.

Shares of OSI Systems, Inc. (OSIS) opened at $65.77 on Friday. OSI Systems, Inc. has a 1-year low of $53.80 and a 1-year high of $96.64. 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 firm has a market cap of $1,247.53, a P/E ratio of 19.69, a P/E/G ratio of 1.40 and a beta of 0.71.

OSI Systems (NASDAQ:OSIS) last posted its 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. OSI Systems had a net margin of 3.06% and a return on equity of 11.68%. The firm had revenue of $257.13 million during the quarter, compared to the consensus estimate of $248.52 million. During the same quarter last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. equities analysts expect that OSI Systems, Inc. will post 3.47 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on OSIS shares. Jefferies Group raised their price target on shares of OSI Systems from $85.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Roth Capital restated a “buy” rating and set a $97.00 price target on shares of OSI Systems in a report on Tuesday, August 29th. B. Riley restated a “buy” rating and set a $108.00 price target on shares of OSI Systems in a report on Tuesday, October 24th. Finally, BidaskClub downgraded shares of OSI Systems from a “sell” rating to a “strong sell” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $99.80.

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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.

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

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