Teacher Retirement System of Texas Reduces Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Teacher Retirement System of Texas lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 59.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,986 shares of the technology company's stock after selling 14,844 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of OSI Systems worth $1,672,000 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 the business. Richardson Financial Services Inc. raised its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in 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 last quarter. KBC Group NV boosted its holdings in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after acquiring an additional 189 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock valued at $129,000 after purchasing an additional 207 shares in the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock valued at $144,000 after purchasing an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

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Insider Buying and Selling at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of the 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 completion of the transaction, the insider now owns 10,077 shares of the company's stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the firm'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 completion of the sale, the director now owns 5,000 shares of the company's stock, valued at approximately $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of recent research reports. Roth Mkm increased their target price on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a report on Friday, January 24th. Oppenheimer raised their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday. 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 research note on Wednesday, December 11th. Finally, 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 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $212.00.

OSI Systems Price Performance

Shares of OSIS stock traded up $1.02 on Monday, hitting $194.34. 221,242 shares of the stock traded hands, compared to its average volume of 175,636. 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 $126.57 and a 52 week high of $220.00. The firm has a 50 day simple moving average of $197.19 and a two-hundred day simple moving average of $171.70. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, equities research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal 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.