OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Hood River Capital Management LLC

Hood River Capital Management LLC cut its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 325,679 shares of the technology company's stock after selling 26,931 shares during the quarter. Hood River Capital Management LLC owned approximately 1.94% of OSI Systems worth $54,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital International Investors purchased a new position in OSI Systems during the 4th quarter worth $97,258,000. Mawer Investment Management Ltd. bought a new position in shares of OSI Systems during the 4th quarter worth $63,171,000. FMR LLC increased its stake in shares of OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock valued at $141,965,000 after buying an additional 203,511 shares during the period. World Investment Advisors LLC bought a new stake in shares of OSI Systems in the third quarter valued at about $16,713,000. Finally, Boston Partners raised its holdings in shares of OSI Systems by 34.7% in the fourth quarter. Boston Partners now owns 237,882 shares of the technology company's stock valued at $39,911,000 after acquiring an additional 61,304 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

Insiders Place Their Bets

In related news, insider Paul Keith Morben sold 155 shares of the firm's 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 transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated 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 directly owns 5,000 shares of the company's stock, valued at approximately $979,150. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

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

OSI Systems Stock Down 0.3 %

NASDAQ OSIS traded down $0.63 on Friday, hitting $201.68. The stock had a trading volume of 102,437 shares, compared to its average volume of 184,778. The business's fifty day moving average price is $192.59 and its 200 day moving average price is $177.38. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. 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, Inc. has a 52-week low of $129.18 and a 52-week high of $220.00.

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

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.