Edgestream Partners L.P. Reduces Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Edgestream Partners L.P. lowered its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 70.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,006 shares of the technology company's stock after selling 23,325 shares during the period. Edgestream Partners L.P. owned 0.06% of OSI Systems worth $1,675,000 as of its most recent SEC filing.

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

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OSI Systems Price Performance

Shares of NASDAQ:OSIS traded up $8.93 during midday trading on Friday, hitting $184.24. 528,626 shares of the stock were exchanged, compared to its average volume of 257,967. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $188.91 and a 200-day moving average price of $166.94. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $220.00. The stock has a market cap of $3.10 billion, a P/E ratio of 23.71, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly 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, research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Activity

In related news, insider Paul Keith Morben sold 155 shares of the business'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 completion of the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now owns 5,000 shares of the company's stock, valued at approximately $979,150. The trade was 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. 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. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target for the company. Wells Fargo & Company upped their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Roth Mkm upped their price target on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $212.00.

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.