OSI Systems, Inc. (NASDAQ:OSIS) Stock Position Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 358,557 shares of the technology company's stock after selling 13,541 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 2.15% of OSI Systems worth $54,440,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new position in OSI Systems during the first quarter worth about $921,000. Renaissance Technologies LLC grew its position in OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company's stock valued at $3,532,000 after acquiring an additional 11,400 shares during the period. Victory Capital Management Inc. raised its holdings in shares of OSI Systems by 25.8% in the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company's stock worth $18,707,000 after purchasing an additional 25,262 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of OSI Systems by 71.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company's stock valued at $4,080,000 after purchasing an additional 11,173 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of OSI Systems by 24.4% during the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company's stock worth $11,563,000 after purchasing an additional 15,945 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 15,000 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares of the company's stock, valued at $65,099,634.66. This represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,107 shares of company stock valued at $6,071,809. Insiders own 5.20% of the company's stock.

OSI Systems Stock Up 0.2 %

Shares of NASDAQ:OSIS traded up $0.29 during trading on Wednesday, hitting $180.38. The company's stock had a trading volume of 163,041 shares, compared to its average volume of 131,960. The company has a market capitalization of $3.01 billion, a PE ratio of 23.51, a PEG ratio of 1.55 and a beta of 1.18. OSI Systems, Inc. has a fifty-two week low of $120.42 and a fifty-two week high of $183.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock's 50-day moving average price is $150.26 and its two-hundred day moving average price is $144.90.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analysts' expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business's revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 EPS. As a group, sell-side analysts expect that OSI Systems, Inc. will post 9.12 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OSIS. StockNews.com raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Saturday. Bank of America started coverage on OSI Systems in a report on Monday, September 30th. They issued a "buy" rating and a $175.00 price target for the company. Wells Fargo & Company boosted their price objective on OSI Systems from $170.00 to $172.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. B. Riley increased their target price on OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Finally, Roth Mkm boosted their price target on OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, OSI Systems presently has a consensus rating of "Moderate Buy" and an average target price of $173.00.

About OSI Systems

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.