OSI Systems, Inc. (NASDAQ:OSIS) Position Raised by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 386.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,308 shares of the technology company’s stock after purchasing an additional 64,600 shares during the period. Renaissance Technologies LLC owned 0.45% of OSI Systems worth $9,158,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in OSI Systems in the second quarter worth approximately $38,000. Vigilant Capital Management LLC acquired a new position in OSI Systems in the second quarter worth approximately $38,000. Marshall Wace North America L.P. acquired a new position in OSI Systems in the first quarter worth approximately $35,000. Acadian Asset Management LLC acquired a new position in OSI Systems in the second quarter worth approximately $61,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in OSI Systems in the second quarter worth approximately $72,000. 98.83% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ OSIS traded down $0.07 on Tuesday, hitting $105.54. 3,685 shares of the stock were exchanged, compared to its average volume of 197,506. OSI Systems, Inc. has a 52-week low of $67.15 and a 52-week high of $117.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.68 and a quick ratio of 0.96. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 1.80 and a beta of 0.89. The company’s 50-day moving average price is $105.21 and its two-hundred day moving average price is $102.14.



OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Monday, August 26th. The technology company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.09. OSI Systems had a net margin of 5.48% and a return on equity of 15.68%. The firm had revenue of $308.38 million for the quarter, compared to analysts’ expectations of $304.13 million. During the same period in the previous year, the company posted $1.02 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that OSI Systems, Inc. will post 4.7 EPS for the current fiscal year.

In other news, insider Ajay Mehra sold 2,668 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.98, for a total transaction of $266,746.64. Following the transaction, the insider now directly owns 124,659 shares in the company, valued at approximately $12,463,406.82. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Deepak Chopra sold 16,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $105.39, for a total transaction of $1,738,935.00. Following the transaction, the chief executive officer now owns 526,475 shares in the company, valued at $55,485,200.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,332 shares of company stock worth $13,587,838. Corporate insiders own 8.60% of the company’s stock.

Several research firms have weighed in on OSIS. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Thursday, August 29th. B. Riley lifted their price objective on shares of OSI Systems from $113.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. BidaskClub cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Saturday, August 24th. Finally, ValuEngine cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $112.00.

About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers 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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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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