Wasatch Advisors LP Lowers Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Wasatch Advisors LP lowered its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 29.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,056 shares of the technology company's stock after selling 19,583 shares during the period. Wasatch Advisors LP owned about 0.28% of OSI Systems worth $6,993,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of OSI Systems by 2.2% in the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company's stock valued at $623,000 after buying an additional 97 shares during the period. Louisiana State Employees Retirement System raised its position in shares of OSI Systems by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company's stock valued at $1,086,000 after purchasing an additional 100 shares during the period. US Bancorp DE lifted its stake in shares of OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock valued at $367,000 after buying an additional 111 shares in the last quarter. Inspire Investing LLC grew its stake in OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company's stock valued at $416,000 after buying an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of OSI Systems by 5.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company's stock worth $536,000 after acquiring an additional 202 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

Insider Activity

In other OSI Systems news, CEO Deepak Chopra sold 15,000 shares of the business'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 completion of the sale, the chief executive officer now directly owns 424,323 shares in the company, valued at $65,099,634.66. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock valued at $6,071,809 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

OSI Systems Price Performance

Shares of NASDAQ OSIS traded up $2.89 during trading hours on Friday, reaching $177.40. 186,193 shares of the stock traded hands, compared to its average volume of 201,293. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.96 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The company's 50-day simple moving average is $148.92 and its two-hundred day simple moving average is $144.31. OSI Systems, Inc. has a 52-week low of $120.42 and a 52-week high of $177.56.

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

Analysts Set New Price Targets

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

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.