Advisors Asset Management Inc. Lowers Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Advisors Asset Management Inc. trimmed its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 29.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,409 shares of the technology company's stock after selling 7,350 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.10% of OSI Systems worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Quest Partners LLC purchased a new stake in OSI Systems in the 2nd quarter worth about $40,000. Cape Investment Advisory Inc. purchased a new position in shares of OSI Systems in the first quarter worth about $63,000. Innealta Capital LLC bought a new stake in shares of OSI Systems in the second quarter valued at approximately $82,000. International Assets Investment Management LLC lifted its stake in shares of OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after buying an additional 603 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in OSI Systems in the 1st quarter worth approximately $139,000. Hedge funds and other institutional investors own 89.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OSIS. Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They set a "buy" rating and a $175.00 target price on the stock. Roth Mkm increased their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. StockNews.com lowered OSI Systems from a "hold" rating to a "sell" rating in a report on Friday. Wells Fargo & Company increased their price target on shares of OSI Systems from $170.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Finally, B. Riley boosted their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.00.

OSI Systems Price Performance

NASDAQ OSIS traded down $0.42 on Friday, reaching $164.91. 174,500 shares of the company's stock traded hands, compared to its average volume of 212,981. The stock has a market cap of $2.76 billion, a PE ratio of 21.53, a P/E/G ratio of 1.43 and a beta of 1.10. OSI Systems, Inc. has a 12 month low of $117.07 and a 12 month high of $168.68. The stock has a 50-day simple moving average of $146.14 and a 200 day simple moving average of $142.99. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. As a group, research analysts predict that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Insider Activity at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares of the company's stock, valued at $66,523,062.36. This represents a 4.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares of the company's stock, valued at $479,175.42. This trade represents a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock worth $6,071,809 in the last ninety days. 5.20% of the stock is owned by company insiders.

OSI Systems Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.