OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 29.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,056 shares of the technology company’s stock after selling 19,583 shares during the period. Wasatch Advisors LP’s holdings in OSI Systems were worth $6,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC purchased a new position in OSI Systems during the 1st quarter worth approximately $921,000. Renaissance Technologies LLC grew its position in shares of OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after acquiring an additional 11,400 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of OSI Systems by 25.8% during the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after acquiring an additional 25,262 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings 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 acquiring an additional 11,173 shares during the period. Finally, Van ECK Associates Corp raised its position in OSI Systems by 24.4% in the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after purchasing an additional 15,945 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS opened at $177.40 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average is $148.92 and its two-hundred day moving average is $144.28. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $177.56. The firm has a market capitalization of $2.96 billion, a PE ratio of 23.16, a P/E/G ratio of 1.53 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. OSI Systems’s quarterly revenue was up 23.2% on a year-over-year basis. Research analysts anticipate that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction 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. This trade represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock worth $6,071,809 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

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.