OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 28.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,688 shares of the technology company’s stock after selling 2,310 shares during the quarter. Los Angeles Capital Management LLC’s holdings in OSI Systems were worth $864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its stake in OSI Systems by 713.1% in the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after purchasing an additional 85,904 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of OSI Systems during the 2nd quarter worth approximately $5,208,000. Envestnet Asset Management Inc. grew its position in shares of OSI Systems by 174.6% in the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock valued at $6,927,000 after purchasing an additional 32,029 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of OSI Systems by 10.6% in the second quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after purchasing an additional 30,464 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in OSI Systems by 86.4% during the second quarter. Van ECK Associates Corp now owns 65,401 shares of the technology company’s stock worth $8,994,000 after buying an additional 30,309 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

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

OSI Systems Trading Down 0.8 %

NASDAQ OSIS opened at $150.70 on Friday. OSI Systems, Inc. has a 12 month low of $115.33 and a 12 month high of $158.69. The stock has a market capitalization of $2.52 billion, a P/E ratio of 19.67, a PEG ratio of 1.42 and a beta of 1.10. The firm’s 50-day moving average is $144.10 and its two-hundred day moving average is $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.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The firm had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company posted $0.91 EPS. On average, sell-side analysts anticipate that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Insider Activity

In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. The trade was a 4.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the sale, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,107 shares of company stock valued at $6,071,809. 5.20% of the stock is currently 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.