Primecap Management Co. CA Decreases Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Primecap Management Co. CA reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,620 shares of the technology company’s stock after selling 12,480 shares during the quarter. Primecap Management Co. CA owned 1.65% of OSI Systems worth $38,591,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. West Paces Advisors Inc. purchased a new stake in OSI Systems during the first quarter worth approximately $28,000. Quest Partners LLC acquired a new position in shares of OSI Systems during the second quarter worth $40,000. Cape Investment Advisory Inc. acquired a new position in shares of OSI Systems during the first quarter worth $63,000. Covestor Ltd lifted its position in shares of OSI Systems by 48,000.0% during the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after purchasing an additional 480 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of OSI Systems during the second quarter worth $82,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of recent research reports. B. Riley boosted their target price 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. Roth Mkm boosted their target price 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.

Insider Activity at OSI Systems

In related news, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, the director now directly owns 3,462 shares of the company’s stock, valued at $479,175.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction 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 $1,461,568.08. The disclosure for this sale can be found here. Insiders have sold 24,107 shares of company stock valued at $3,474,189 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

OSI Systems Trading Down 0.4 %

OSIS opened at $144.29 on Wednesday. The stock has a market capitalization of $2.39 billion, a PE ratio of 19.85, a P/E/G ratio of 1.45 and a beta of 1.08. The firm’s fifty day moving average price is $144.24 and its 200 day moving average price is $139.66. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $158.69.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.05. The firm had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.66 earnings per share. As a group, research analysts expect that OSI Systems, Inc. will post 8.93 EPS for the current fiscal year.

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.