Advisors Asset Management Inc. Sells 7,350 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Advisors Asset Management Inc. decreased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 29.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,409 shares of the technology company’s stock after selling 7,350 shares during the quarter. Advisors Asset Management Inc.’s holdings in OSI Systems were worth $2,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC raised its stake in shares of OSI Systems by 6,419.0% during the 3rd quarter. Quest Partners LLC now owns 18,905 shares of the technology company’s stock valued at $2,870,000 after purchasing an additional 18,615 shares during the period. Victory Capital Management Inc. grew its holdings in OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after buying an additional 25,262 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of OSI Systems by 9.8% during the third quarter. QRG Capital Management Inc. now owns 2,739 shares of the technology company’s stock valued at $416,000 after buying an additional 245 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of OSI Systems by 2.9% in the third quarter. Asset Management One Co. Ltd. now owns 52,468 shares of the technology company’s stock worth $7,966,000 after buying an additional 1,484 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of OSI Systems by 24.4% in the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after acquiring an additional 15,945 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OSIS shares. Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. Wells Fargo & Company boosted their target price on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Roth Mkm raised their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley upped their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

Insider Buying and Selling

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at $479,175.42. The trade was a 46.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the sale, the chief executive officer now owns 424,323 shares of the company’s stock, valued at $65,099,634.66. The trade was a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 in the last 90 days. 5.20% of the stock is owned by company insiders.

OSI Systems Price Performance

Shares of OSI Systems stock opened at $164.91 on Friday. The firm has a market capitalization of $2.76 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a 12 month low of $117.07 and a 12 month high of $168.68. The business’s 50-day moving average price is $146.14 and its 200-day moving average price is $142.93.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Sell-side analysts forecast that OSI Systems, Inc. will post 9.12 EPS 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.