OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lessened its position in OSI Systems, Inc. (NASDAQ:OSISGet Rating) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,526 shares of the technology company’s stock after selling 130 shares during the period. Texas Permanent School Fund owned approximately 0.07% of OSI Systems worth $985,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. increased its holdings in shares of OSI Systems by 3.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,040 shares of the technology company’s stock valued at $344,000 after purchasing an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of OSI Systems by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,167 shares of the technology company’s stock valued at $271,000 after purchasing an additional 226 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of OSI Systems by 7.3% in the 1st quarter. Teacher Retirement System of Texas now owns 3,543 shares of the technology company’s stock valued at $302,000 after purchasing an additional 242 shares in the last quarter. Brinker Capital Investments LLC increased its holdings in shares of OSI Systems by 10.3% in the 2nd quarter. Brinker Capital Investments LLC now owns 2,634 shares of the technology company’s stock valued at $225,000 after purchasing an additional 247 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of OSI Systems by 1.7% in the 1st quarter. Guggenheim Capital LLC now owns 15,710 shares of the technology company’s stock valued at $1,337,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 91.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on OSIS shares. Oppenheimer raised their target price on shares of OSI Systems to $115.00 in a report on Tuesday, August 23rd. TheStreet upgraded shares of OSI Systems from a “c+” rating to a “b-” rating in a report on Wednesday. Finally, StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th.

OSI Systems Stock Performance

Shares of OSIS opened at $88.13 on Friday. OSI Systems, Inc. has a 1 year low of $69.31 and a 1 year high of $103.17. The company’s 50 day simple moving average is $78.57 and its 200 day simple moving average is $84.11. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.73 and a current ratio of 1.37.

OSI Systems (NASDAQ:OSISGet Rating) last issued its quarterly earnings results on Thursday, August 18th. The technology company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.01. The company had revenue of $337.00 million for the quarter, compared to analyst estimates of $336.40 million. OSI Systems had a return on equity of 15.61% and a net margin of 9.17%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 EPS. On average, sell-side analysts predict that OSI Systems, Inc. will post 6.1 EPS for the current year.

OSI Systems declared that its board has approved a share repurchase program on Monday, September 19th that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Malcolm Peter Maginnis sold 1,629 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $87.81, for a total transaction of $143,042.49. Following the completion of the transaction, the insider now owns 12,628 shares of the company’s stock, valued at approximately $1,108,864.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other OSI Systems news, CEO Deepak Chopra sold 11,904 shares of the business’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $85.08, for a total transaction of $1,012,792.32. Following the completion of the sale, the chief executive officer now owns 570,955 shares of the company’s stock, valued at $48,576,851.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Malcolm Peter Maginnis sold 1,629 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $87.81, for a total value of $143,042.49. Following the completion of the transaction, the insider now owns 12,628 shares in the company, valued at $1,108,864.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 80,886 shares of company stock worth $6,700,236. 6.20% of the stock is owned by company insiders.

OSI Systems Profile

(Get Rating)

OSI Systems, Inc designs and manufactures electronic systems and components worldwide. 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 detection, and explosive and narcotics trace detection systems under the Rapiscan Systems, AS&E, and Gatekeeper names.

See Also

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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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