Victory Capital Management Inc. Trims Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Victory Capital Management Inc. trimmed its holdings in shares of OSI Systems, Inc. (NASDAQ:OSISFree Report) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,860 shares of the technology company’s stock after selling 1,051 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of OSI Systems worth $1,872,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in OSIS. Charles Schwab Investment Management Inc. lifted its holdings in shares of OSI Systems by 4.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 207,170 shares of the technology company’s stock valued at $24,411,000 after buying an additional 8,510 shares during the period. Thematics Asset Management bought a new position in OSI Systems in the 2nd quarter worth $14,375,000. ProShare Advisors LLC raised its holdings in OSI Systems by 6.7% in the 2nd quarter. ProShare Advisors LLC now owns 2,469 shares of the technology company’s stock worth $291,000 after purchasing an additional 156 shares during the period. Chatham Capital Group Inc. bought a new position in OSI Systems in the 3rd quarter worth $1,730,000. Finally, Swiss National Bank raised its holdings in OSI Systems by 0.9% in the 2nd quarter. Swiss National Bank now owns 34,900 shares of the technology company’s stock worth $4,112,000 after purchasing an additional 300 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm raised their target price on OSI Systems from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, January 26th.

View Our Latest Stock Report on OSI Systems

OSI Systems Trading Up 2.4 %

Shares of OSIS stock opened at $137.10 on Friday. OSI Systems, Inc. has a 52-week low of $89.72 and a 52-week high of $139.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The firm has a market capitalization of $2.34 billion, a PE ratio of 20.80, a PEG ratio of 1.52 and a beta of 0.97. The stock has a fifty day simple moving average of $127.70 and a two-hundred day simple moving average of $121.88.

OSI Systems (NASDAQ:OSISGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The business had revenue of $373.20 million during the quarter, compared to analyst estimates of $364.29 million. During the same quarter in the prior year, the business posted $1.19 EPS. OSI Systems’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, analysts predict that OSI Systems, Inc. will post 8.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now owns 468,615 shares in the company, valued at approximately $60,502,882.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now owns 468,615 shares in the company, valued at approximately $60,502,882.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares of the company’s stock, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

About OSI Systems

(Free Report)

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.

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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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