Strs Ohio Lowers Position in OSI Systems, Inc. (NASDAQ:OSIS)

Strs Ohio trimmed its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,100 shares of the technology company’s stock after selling 200 shares during the period. Strs Ohio’s holdings in OSI Systems were worth $916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. grew its position in shares of OSI Systems by 112.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock valued at $21,580,000 after purchasing an additional 96,641 shares in the last quarter. Vanguard Group Inc. increased its stake in OSI Systems by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company’s stock worth $234,958,000 after acquiring an additional 49,634 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of OSI Systems by 208.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 61,800 shares of the technology company’s stock worth $7,295,000 after acquiring an additional 41,792 shares in the last quarter. Quadrature Capital Ltd bought a new stake in OSI Systems in the third quarter worth $2,548,000. Finally, Lord Abbett & CO. LLC raised its stake in OSI Systems by 14.7% during the third quarter. Lord Abbett & CO. LLC now owns 132,506 shares of the technology company’s stock valued at $15,641,000 after purchasing an additional 16,983 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Down 0.8 %

Shares of OSIS opened at $139.71 on Thursday. The company’s fifty day simple moving average is $135.73 and its 200-day simple moving average is $127.26. The company has a market cap of $2.38 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.58 and a beta of 0.98. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. OSI Systems, Inc. has a twelve month low of $99.70 and a twelve month high of $144.11.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. The company had revenue of $373.20 million for the quarter, compared to analyst estimates of $364.29 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS. As a group, analysts expect that OSI Systems, Inc. will post 8.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OSIS shares. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Roth Mkm upped their price objective on OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, January 26th.

Insider Transactions at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s 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 transaction, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction 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 company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of the transaction, the general counsel now owns 63,116 shares in the company, valued at $8,218,334.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $6,503,650. 5.60% of the stock is currently owned by company insiders.

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.