American Century Companies Inc. Reduces Stake in FLIR Systems, Inc. (NASDAQ:FLIR)

American Century Companies Inc. reduced its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,623 shares of the scientific and technical instruments company’s stock after selling 217,113 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of FLIR Systems worth $7,861,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FLIR. FMR LLC grew its position in shares of FLIR Systems by 31.1% during the second quarter. FMR LLC now owns 211,997 shares of the scientific and technical instruments company’s stock worth $7,348,000 after buying an additional 50,342 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in FLIR Systems by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,356,461 shares of the scientific and technical instruments company’s stock valued at $47,016,000 after purchasing an additional 53,815 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in FLIR Systems by 887.9% in the second quarter. Janus Henderson Group PLC now owns 145,189 shares of the scientific and technical instruments company’s stock valued at $5,032,000 after purchasing an additional 130,492 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in FLIR Systems by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 199,333 shares of the scientific and technical instruments company’s stock valued at $6,908,000 after purchasing an additional 3,340 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in FLIR Systems by 45.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 24,074 shares of the scientific and technical instruments company’s stock valued at $834,000 after purchasing an additional 7,541 shares in the last quarter. 92.96% of the stock is owned by institutional investors and hedge funds.

Shares of FLIR Systems, Inc. (NASDAQ FLIR) traded down $0.72 during trading hours on Wednesday, hitting $50.65. The company had a trading volume of 843,897 shares, compared to its average volume of 1,100,000. FLIR Systems, Inc. has a 1-year low of $33.95 and a 1-year high of $52.88. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23. The stock has a market cap of $7,020.00, a P/E ratio of 34.93 and a beta of 0.68.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The firm had revenue of $494.80 million during the quarter, compared to analyst estimates of $501.44 million. During the same quarter last year, the firm earned $0.48 EPS. FLIR Systems’s quarterly revenue was up 4.2% on a year-over-year basis. equities research analysts expect that FLIR Systems, Inc. will post 2.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.64 annualized dividend and a yield of 1.26%. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s payout ratio is presently 44.14%.

A number of equities research analysts have weighed in on FLIR shares. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. ValuEngine upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Stephens set a $59.00 price objective on FLIR Systems and gave the stock a “buy” rating in a research report on Friday, February 16th. SunTrust Banks raised FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, January 8th. Finally, Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. FLIR Systems currently has an average rating of “Buy” and a consensus price target of $51.67.

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About FLIR Systems

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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