Charles Schwab Investment Management Inc. Boosts Position in OSI Systems, Inc. (NASDAQ:OSIS)

Charles Schwab Investment Management Inc. lifted its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,052 shares of the technology company's stock after acquiring an additional 3,424 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.27% of OSI Systems worth $35,839,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its stake in OSI Systems by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company's stock worth $183,589,000 after purchasing an additional 29,858 shares during the period. State Street Corp lifted its holdings in shares of OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock worth $110,485,000 after buying an additional 6,514 shares in the last quarter. FMR LLC boosted its position in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after acquiring an additional 631,486 shares during the period. Geode Capital Management LLC boosted its position in shares of OSI Systems by 1.5% in the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company's stock valued at $57,720,000 after acquiring an additional 5,718 shares during the period. Finally, Primecap Management Co. CA grew its stake in OSI Systems by 4.9% during the third quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company's stock valued at $44,714,000 after acquiring an additional 13,880 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

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OSI Systems Price Performance

Shares of OSIS stock traded down $5.17 during trading hours on Thursday, hitting $197.67. 251,831 shares of the company's stock were exchanged, compared to its average volume of 168,730. The company has a market capitalization of $3.32 billion, a PE ratio of 25.49, a PEG ratio of 1.81 and a beta of 1.20. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00. The business's 50 day simple moving average is $191.25 and its 200-day simple moving average is $168.32.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, equities research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on OSIS. Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Roth Mkm raised their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 target price for the company. B. Riley increased their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Oppenheimer raised their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, OSI Systems presently has an average rating of "Moderate Buy" and an average target price of $212.00.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, the director now owns 5,000 shares of the company's stock, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

OSI Systems Company 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.