OSI Systems, Inc. (NASDAQ:OSIS) Position Trimmed by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 348,821 shares of the technology company's stock after selling 21,339 shares during the quarter. Clearbridge Investments LLC owned approximately 2.08% of OSI Systems worth $58,403,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its stake in OSI Systems by 2.5% during the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company's stock valued at $183,589,000 after purchasing an additional 29,858 shares during the last quarter. State Street Corp grew its position in shares of OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company's stock valued at $110,485,000 after buying an additional 6,514 shares during the last quarter. FMR LLC raised its stake in OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company's stock worth $97,839,000 after acquiring an additional 631,486 shares during the period. Geode Capital Management LLC boosted its stake in 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, Mawer Investment Management Ltd. bought a new position in shares of OSI Systems during the fourth quarter valued at approximately $63,171,000. 89.21% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have commented on OSIS. Oppenheimer upped their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. assumed coverage on OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. Roth Mkm raised their price target on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, B. Riley upped their price objective 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, OSI Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

OSI Systems Price Performance

Shares of OSI Systems stock traded down $5.85 during trading on Friday, hitting $174.46. The stock had a trading volume of 358,210 shares, compared to its average volume of 178,425. The business has a fifty day moving average of $197.46 and a two-hundred day moving average of $172.68. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The firm has a market cap of $2.93 billion, a P/E ratio of 22.45, a PEG ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating 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 expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction that occurred 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 in the company, valued at $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares of the company's stock, valued at $2,008,950.72. This represents 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 company insiders.

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.