OSI Systems, Inc. (OSIS) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 40.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,483 shares of the technology company’s stock after selling 170,680 shares during the quarter. Millennium Management LLC owned about 1.41% of OSI Systems worth $16,675,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of OSI Systems by 4.3% during the 4th quarter. BlackRock Inc. now owns 2,241,995 shares of the technology company’s stock worth $144,340,000 after purchasing an additional 92,505 shares in the last quarter. Earnest Partners LLC boosted its position in shares of OSI Systems by 3.8% during the 1st quarter. Earnest Partners LLC now owns 1,184,310 shares of the technology company’s stock worth $77,300,000 after purchasing an additional 43,606 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of OSI Systems by 51.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 862,228 shares of the technology company’s stock worth $55,510,000 after purchasing an additional 291,488 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its position in shares of OSI Systems by 6.6% during the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 462,305 shares of the technology company’s stock worth $30,175,000 after purchasing an additional 28,795 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of OSI Systems by 1.8% during the 4th quarter. Bank of New York Mellon Corp now owns 232,132 shares of the technology company’s stock worth $14,946,000 after purchasing an additional 4,018 shares in the last quarter.

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Several equities analysts recently weighed in on OSIS shares. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, April 4th. ValuEngine cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, BidaskClub raised shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $83.00.

NASDAQ:OSIS opened at $78.18 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.39 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 1.52 and a beta of 0.90. OSI Systems, Inc. has a 52 week low of $50.50 and a 52 week high of $96.64.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, April 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02. OSI Systems had a negative net margin of 3.10% and a positive return on equity of 13.20%. The company had revenue of $267.30 million during the quarter, compared to analyst estimates of $263.18 million. During the same quarter last year, the business posted $0.85 EPS. OSI Systems’s quarterly revenue was up 9.1% compared to the same quarter last year. equities analysts forecast that OSI Systems, Inc. will post 3.58 earnings per share for the current year.

OSI Systems Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment provides baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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