Sei Investments Co. Trims Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Sei Investments Co. reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,369 shares of the technology company's stock after selling 4,836 shares during the period. Sei Investments Co.'s holdings in OSI Systems were worth $1,401,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of OSIS. State Street Corp increased its stake in shares of OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company's stock valued at $110,485,000 after acquiring an additional 6,514 shares in the last quarter. Geode Capital Management LLC increased 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 purchasing an additional 5,718 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of OSI Systems by 1.1% during the fourth quarter. Primecap Management Co. CA now owns 297,710 shares of the technology company's stock valued at $49,846,000 after purchasing an additional 3,210 shares during the period. Boston Partners boosted its position in shares of OSI Systems by 34.7% during the 4th quarter. Boston Partners now owns 237,882 shares of the technology company's stock worth $39,911,000 after purchasing an additional 61,304 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of OSI Systems by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,052 shares of the technology company's stock valued at $35,839,000 after buying an additional 3,424 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now owns 10,077 shares of the company's stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSIS. Oppenheimer upped their price target on 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 cut OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Wells Fargo & Company decreased their price target on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday. 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. Finally, Roth Mkm lifted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

OSI Systems Stock Up 2.7 %

OSIS traded up $5.07 during mid-day trading on Friday, reaching $189.51. 180,216 shares of the stock were exchanged, compared to its average volume of 182,680. OSI Systems, Inc. has a 1 year low of $126.57 and a 1 year high of $220.00. 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 stock has a market capitalization of $3.18 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a 50 day moving average price of $195.65 and a two-hundred day moving average price of $174.32.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly 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 net margin of 8.15% and a return on equity of 18.22%. As a group, research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current 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.