Vanguard Group Inc. Has $354.97 Million Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Vanguard Group Inc. lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,120,123 shares of the technology company's stock after selling 49,074 shares during the period. Vanguard Group Inc. owned 12.62% of OSI Systems worth $354,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in OSIS. FMR LLC raised its stake in OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after acquiring an additional 631,486 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of OSI Systems during the third quarter valued at about $16,713,000. Boston Partners lifted its holdings in OSI Systems by 34.7% in the fourth 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 during the period. Swedbank AB acquired a new stake in OSI Systems in the fourth quarter worth about $8,372,000. Finally, Telemark Asset Management LLC bought a new position in OSI Systems in the 4th quarter valued at about $8,372,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target for the company. Oppenheimer raised their target price 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. Wells Fargo & Company dropped their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research note on Tuesday. B. Riley boosted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Roth Mkm raised their price target on shares of OSI Systems from $178.00 to $224.00 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 assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $213.33.

OSI Systems Stock Down 2.5 %

NASDAQ:OSIS traded down $4.55 during trading hours on Tuesday, reaching $174.22. The company's stock had a trading volume of 250,769 shares, compared to its average volume of 179,829. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The business's 50-day moving average is $196.26 and its 200-day moving average is $173.31. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00. 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 posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) 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%. Equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Activity

In related news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $30,900.80. Following the transaction, the insider now owns 10,077 shares of the company's stock, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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.