OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its position in shares of OSI Systems, Inc. (NASDAQ:OSIS – Get Rating) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,382 shares of the technology company’s stock after selling 32,976 shares during the period. Nuveen Asset Management LLC owned approximately 0.84% of OSI Systems worth $10,188,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in OSI Systems by 61.6% during the 3rd quarter. Victory Capital Management Inc. now owns 13,610 shares of the technology company’s stock valued at $981,000 after purchasing an additional 5,187 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in OSI Systems during the 3rd quarter valued at $31,000. Inspire Investing LLC grew its holdings in OSI Systems by 15.9% during the 3rd quarter. Inspire Investing LLC now owns 2,859 shares of the technology company’s stock valued at $206,000 after purchasing an additional 392 shares in the last quarter. DCM Advisors LLC acquired a new stake in OSI Systems during the 2nd quarter valued at $257,000. Finally, Strs Ohio acquired a new stake in OSI Systems during the 3rd quarter valued at $771,000. 89.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. TheStreet upgraded shares of OSI Systems from a “c+” rating to a “b-” rating in a research note on Wednesday, November 16th.

OSI Systems Trading Up 0.3 %

OSI Systems stock opened at $94.96 on Friday. The firm’s 50-day moving average is $90.73 and its 200-day moving average is $84.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.75 and a current ratio of 1.43. OSI Systems, Inc. has a 1 year low of $69.31 and a 1 year high of $103.17. The company has a market cap of $1.60 billion, a P/E ratio of 15.93, a PEG ratio of 1.39 and a beta of 0.92.

OSI Systems (NASDAQ:OSIS – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. OSI Systems had a net margin of 8.74% and a return on equity of 14.99%. The company had revenue of $295.60 million for the quarter, compared to the consensus estimate of $297.19 million. During the same period last year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that OSI Systems, Inc. will post 6.08 earnings per share for the current year.

Insider Transactions at OSI Systems

In related news, insider Paul Keith Morben sold 464 shares of the stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $94.01, for a total value of $43,620.64. Following the sale, the insider now owns 7,989 shares of the company’s stock, valued at approximately $751,045.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director William Francis Ballhaus, Jr. sold 400 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $94.96, for a total value of $37,984.00. Following the sale, the director now owns 23,960 shares of the company’s stock, valued at approximately $2,275,241.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Keith Morben sold 464 shares of the stock in a transaction dated Wednesday, February 8th. The stock was sold at an average price of $94.01, for a total transaction of $43,620.64. Following the completion of the sale, the insider now directly owns 7,989 shares in the company, valued at approximately $751,045.89. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,094 shares of company stock worth $2,056,365. 6.20% of the stock is currently owned by insiders.

OSI Systems Company Profile

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OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.