Bridgewater Associates LP Reduces Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Bridgewater Associates LP lowered its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 78.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,412 shares of the technology company's stock after selling 12,353 shares during the quarter. Bridgewater Associates LP's holdings in OSI Systems were worth $518,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System boosted its stake in OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company's stock valued at $623,000 after purchasing an additional 97 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in OSI Systems by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company's stock valued at $1,086,000 after purchasing an additional 100 shares during the period. US Bancorp DE grew its position in OSI Systems by 4.8% during the third quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock worth $367,000 after buying an additional 111 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company's stock worth $416,000 after buying an additional 200 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in OSI Systems by 5.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company's stock valued at $536,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analyst Weigh In

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

OSI Systems Stock Performance

Shares of OSI Systems stock traded up $0.38 on Tuesday, hitting $180.09. 661,550 shares of the company's stock were exchanged, compared to its average volume of 211,862. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock has a market capitalization of $3.01 billion, a PE ratio of 23.51, a PEG ratio of 1.55 and a beta of 1.18. OSI Systems, Inc. has a 1 year low of $120.42 and a 1 year high of $182.10. The company has a 50-day simple moving average of $149.59 and a 200-day simple moving average of $144.61.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million during the quarter, compared to analysts' expectations of $318.66 million. During the same quarter in the prior year, the business posted $0.91 earnings per share. The business's quarterly revenue was up 23.2% on a year-over-year basis. As a group, equities analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the business's stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the sale, the director now owns 3,462 shares in the company, valued at $479,175.42. The trade was a 46.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the transaction, the insider now owns 10,077 shares of the company's stock, valued at approximately $1,461,568.08. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,107 shares of company stock valued at $6,071,809 over the last three months. Corporate insiders own 5.20% of the company's stock.

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.