Covestor Ltd Reduces Position in OSI Systems, Inc. (NASDAQ:OSIS)

Covestor Ltd lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 42.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260 shares of the technology company’s stock after selling 191 shares during the period. Covestor Ltd’s holdings in OSI Systems were worth $40,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. QRG Capital Management Inc. lifted its stake in OSI Systems by 9.8% during the 3rd quarter. QRG Capital Management Inc. now owns 2,739 shares of the technology company’s stock valued at $416,000 after acquiring an additional 245 shares during the period. Asset Management One Co. Ltd. lifted its stake in OSI Systems by 2.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 52,468 shares of the technology company’s stock valued at $7,966,000 after acquiring an additional 1,484 shares during the period. Van ECK Associates Corp lifted its stake in OSI Systems by 24.4% during the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after acquiring an additional 15,945 shares during the period. US Bancorp DE lifted its stake in OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock valued at $367,000 after acquiring an additional 111 shares during the period. Finally, GHP Investment Advisors Inc. lifted its stake 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 purchasing an additional 11,173 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $150.70 on Friday. The firm has a market cap of $2.52 billion, a PE ratio of 19.67, a PEG ratio of 1.42 and a beta of 1.10. The firm has a fifty day moving average of $144.10 and a 200 day moving average of $141.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems, Inc. has a one year low of $115.33 and a one year high of $158.69.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. As a group, research analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In related news, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the completion of the sale, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at $65,099,634.66. This represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock valued at $6,071,809 over the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OSIS shares. Wells Fargo & Company boosted their target price on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. B. Riley boosted their target price 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. Roth Mkm boosted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Bank of America started coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.00.

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.