BlackRock Holds 17.0% Stake in OSI Systems Inc.
Ticker: OSIS · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1039065
| Field | Detail |
|---|---|
| Company | Osi Systems Inc (OSIS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**BlackRock still owns a big chunk of OSI Systems, showing continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership in OSI Systems Inc. as of December 31, 2023. This filing indicates BlackRock's passive investment in OSI Systems Inc. Common Stock, holding 3,083,767 shares, which represents 17.0% of the company's outstanding shares. This matters to investors because BlackRock, a major institutional investor, maintains a significant stake, suggesting continued confidence in OSI Systems Inc.'s long-term prospects, even with a slight decrease from previous filings.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a substantial portion of OSI Systems Inc. stock, which can signal stability and investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company operations.
Analyst Insight
Investors should note BlackRock's continued substantial, passive ownership in OSI Systems Inc., which suggests long-term institutional confidence without indicating any immediate strategic changes or activist intent.
Key Numbers
- 3,083,767 — Shares Beneficially Owned (This is the total number of OSI Systems Inc. Common Stock shares BlackRock Inc. reported owning as of December 31, 2023.)
- 17.0% — Percentage of Class (This represents the percentage of OSI Systems Inc.'s Common Stock that BlackRock Inc. beneficially owns, indicating a significant stake.)
- December 31, 2023 — Reporting Date (This is the specific date for which BlackRock Inc.'s ownership in OSI Systems Inc. is being reported.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- OSI Systems Inc. (company) — the subject company whose securities are being reported
- 3,083,767 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 17.0% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event which requires the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in OSI Systems Inc. (BlackRock Inc.) — high confidence, target: Next 12 months
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 1) to a Schedule 13G, filed by BlackRock, Inc. to update its beneficial ownership of Common Stock in OSI Systems Inc. as of December 31, 2023, under Rule 13d-1(b).
Who is the reporting person in this filing, and what is their role?
The reporting person is BlackRock, Inc., a major institutional investment manager. They are reporting their passive beneficial ownership of shares in OSI Systems Inc.
What is the subject company and its CUSIP number?
The subject company is OSI SYSTEMS INC, and the CUSIP number for its Common Stock is 671044105.
How many shares of OSI Systems Inc. Common Stock does BlackRock Inc. beneficially own, and what percentage does this represent?
BlackRock Inc. beneficially owns 3,083,767 shares of OSI Systems Inc. Common Stock, which represents 17.0% of the class.
When was the event date that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding OSI SYSTEMS INC (OSIS).