Amalgamated Bank Takes $218,000 Position in OSI Systems, Inc. (OSIS)

Amalgamated Bank acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,389 shares of the technology company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in OSI Systems by 20.4% in the third quarter. JPMorgan Chase & Co. now owns 24,868 shares of the technology company’s stock valued at $2,256,000 after buying an additional 4,206 shares during the last quarter. American International Group Inc. lifted its stake in OSI Systems by 5.5% in the third quarter. American International Group Inc. now owns 13,802 shares of the technology company’s stock valued at $1,261,000 after buying an additional 725 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in OSI Systems by 2.1% in the third quarter. Oppenheimer & Co. Inc. now owns 36,155 shares of the technology company’s stock valued at $3,303,000 after buying an additional 740 shares during the last quarter. Icon Advisers Inc. Co. purchased a new stake in OSI Systems in the third quarter valued at approximately $210,000. Finally, Cortina Asset Management LLC lifted its stake in OSI Systems by 0.9% in the third quarter. Cortina Asset Management LLC now owns 79,372 shares of the technology company’s stock valued at $7,252,000 after buying an additional 690 shares during the last quarter.

OSIS has been the subject of a number of research reports. Jefferies Group boosted their price objective on OSI Systems from $85.00 to $93.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research cut OSI Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. BidaskClub cut OSI Systems from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. TheStreet raised OSI Systems from a “c+” rating to a “b-” rating in a report on Thursday, August 10th. Finally, Roth Capital reissued a “buy” rating and issued a $97.00 target price on shares of OSI Systems in a report on Tuesday, August 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $99.80.

OSI Systems, Inc. (NASDAQ:OSIS) opened at $84.50 on Monday. The stock has a market capitalization of $1,602.83, a P/E ratio of 25.30, a PEG ratio of 1.80 and a beta of 0.71. 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 twelve month low of $69.08 and a twelve month high of $96.64.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 26th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.08. The business had revenue of $257.13 million for the quarter, compared to analyst estimates of $248.52 million. OSI Systems had a return on equity of 11.68% and a net margin of 3.06%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. sell-side analysts forecast that OSI Systems, Inc. will post 3.47 EPS for the current year.

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About OSI Systems

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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