Dimensional Fund Advisors LP Sells 21,185 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Dimensional Fund Advisors LP lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 750,175 shares of the technology company's stock after selling 21,185 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.47% of OSI Systems worth $125,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSIS. Aster Capital Management DIFC Ltd purchased a new position in OSI Systems during the 4th quarter valued at $25,000. Richardson Financial Services Inc. boosted its stake in shares of OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after buying an additional 195 shares during the period. CIBC Private Wealth Group LLC raised its stake in OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after buying an additional 483 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

Insider Buying and Selling

In other news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares of the company's stock, valued at $979,150. This represents a 35.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares of the company's stock, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Price Performance

NASDAQ OSIS opened at $201.68 on Friday. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $220.00. The stock has a 50-day moving average of $192.59 and a 200 day moving average of $177.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.81 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wells Fargo & Company lowered their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. B. Riley raised their price target on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. Oppenheimer upped their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. StockNews.com lowered shares of OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, OSI Systems has a consensus rating of "Moderate Buy" and an average target price of $213.33.

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.

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