OSI Systems, Inc. (NASDAQ:OSIS) Stock Position Decreased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,628 shares of the technology company's stock after selling 9,693 shares during the period. Charles Schwab Investment Management Inc. owned about 1.26% of OSI Systems worth $31,980,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in shares of OSI Systems during the 2nd quarter worth approximately $40,000. Innealta Capital LLC purchased a new stake in OSI Systems in the 2nd quarter worth approximately $82,000. International Assets Investment Management LLC grew its stake in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock worth $92,000 after acquiring an additional 603 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of OSI Systems in the 2nd quarter valued at $160,000. Finally, nVerses Capital LLC acquired a new position in shares of OSI Systems in the 3rd quarter valued at $182,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America assumed coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a "buy" rating and a $175.00 price target on the stock. Wells Fargo & Company lifted their target price 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. StockNews.com upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Saturday. Roth Mkm lifted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Finally, B. Riley lifted their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. One equities research analyst has 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 a consensus rating of "Moderate Buy" and an average target price of $173.00.

Insider Transactions at OSI Systems

In other news, CEO Deepak Chopra sold 15,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the sale, the chief executive officer now owns 424,323 shares of the company's stock, valued at approximately $65,099,634.66. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company's stock, valued at $1,461,568.08. The trade was a 9.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,107 shares of company stock valued at $6,071,809. Insiders own 5.20% of the company's stock.

OSI Systems Stock Up 0.3 %

OSI Systems stock traded up $0.47 during midday trading on Wednesday, hitting $180.56. 269,128 shares of the stock were exchanged, compared to its average volume of 132,466. OSI Systems, Inc. has a 1 year low of $120.42 and a 1 year high of $183.22. The firm has a market cap of $3.02 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The company has a 50 day moving average price of $150.26 and a two-hundred day moving average price of $144.90.

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

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.