LSV Asset Management Decreases Stake in OSI Systems, Inc. (NASDAQ:OSIS)

LSV Asset Management lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 65.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,571 shares of the technology company’s stock after selling 38,429 shares during the quarter. LSV Asset Management’s holdings in OSI Systems were worth $2,655,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after purchasing an additional 90 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of OSI Systems by 3,585.7% in the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after buying an additional 502 shares in the last quarter. SG Americas Securities LLC acquired a new stake in OSI Systems in the 3rd quarter valued at about $118,000. Lido Advisors LLC acquired a new stake in OSI Systems in the 3rd quarter valued at about $216,000. Finally, MQS Management LLC purchased a new position in OSI Systems during the 3rd quarter valued at about $234,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

OSIS has been the topic of several research reports. StockNews.com lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Roth Mkm upped their target price on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer raised their price target on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th.

OSI Systems Price Performance

OSI Systems stock opened at $135.52 on Friday. The stock has a market capitalization of $2.31 billion, a P/E ratio of 18.64, a P/E/G ratio of 1.52 and a beta of 0.99. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $144.11. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. The firm’s 50-day moving average is $136.10 and its two-hundred day moving average is $128.36.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The firm had revenue of $405.41 million for the quarter, compared to analyst estimates of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. OSI Systems’s revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.49 earnings per share. Equities analysts predict that OSI Systems, Inc. will post 8.09 earnings per share for the current year.

Insider Activity

In related news, insider Paul Keith Morben sold 310 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the transaction, the insider now directly owns 8,834 shares in the company, valued at $1,175,098.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other OSI Systems news, insider Paul Keith Morben sold 310 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total transaction of $41,236.20. Following the transaction, the insider now owns 8,834 shares of the company’s stock, valued at $1,175,098.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 675 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total transaction of $90,436.50. Following the sale, the director now directly owns 25,907 shares of the company’s stock, valued at $3,471,019.86. The disclosure for this sale can be found here. Insiders sold a total of 22,740 shares of company stock valued at $2,992,425 over the last quarter. Company insiders own 5.60% of the company’s stock.

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.