OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 2.6% in the third quarter, Holdings Channel reports. The institutional investor owned 4,682 shares of the technology company’s stock after selling 125 shares during the quarter. Amalgamated Bank’s holdings in OSI Systems were worth $711,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in OSI Systems by 9.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,914 shares of the technology company’s stock valued at $416,000 after buying an additional 246 shares during the period. SG Americas Securities LLC acquired a new position in OSI Systems in the first quarter valued at $139,000. Swiss National Bank raised its holdings in OSI Systems by 1.0% during the first quarter. Swiss National Bank now owns 31,800 shares of the technology company’s stock worth $4,542,000 after purchasing an additional 300 shares in the last quarter. Sei Investments Co. raised its holdings in OSI Systems by 27.2% during the first quarter. Sei Investments Co. now owns 7,411 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 1,587 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in OSI Systems by 7.4% during the first quarter. ProShare Advisors LLC now owns 3,237 shares of the technology company’s stock worth $462,000 after buying an additional 224 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS stock opened at $150.70 on Friday. OSI Systems, Inc. has a 1-year low of $115.33 and a 1-year high of $158.69. The firm has a fifty day moving average of $144.10 and a two-hundred day moving average of $141.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The firm has a market cap of $2.52 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.42 and a beta of 1.10.

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

Wall Street Analyst Weigh In

OSIS has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on shares of OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. B. Riley increased their price target on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. 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 on the stock. Finally, Roth Mkm raised their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $173.00.

Insiders Place Their Bets

In other news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction that occurred 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 transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. This trade represents a 9.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the completion of the transaction, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is owned by corporate insiders.

OSI Systems Company 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.