OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 0.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 14,014 shares of the technology company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in OSI Systems were worth $1,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSIS. Envestnet Asset Management Inc. lifted its position in OSI Systems by 7,525.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock worth $332,000 after acquiring an additional 443,389 shares in the last quarter. Norges Bank acquired a new position in shares of OSI Systems in the 4th quarter valued at approximately $14,044,000. Robeco Institutional Asset Management B.V. raised its position in shares of OSI Systems by 112.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 182,820 shares of the technology company’s stock valued at $21,580,000 after purchasing an additional 96,641 shares in the last quarter. Vanguard Group Inc. raised its position in shares of OSI Systems by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,837,376 shares of the technology company’s stock valued at $132,401,000 after purchasing an additional 68,196 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of OSI Systems by 15.1% in the 1st quarter. JPMorgan Chase & Co. now owns 407,770 shares of the technology company’s stock valued at $41,739,000 after purchasing an additional 53,343 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com raised OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Roth Mkm upped their target price on OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, January 26th.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $137.31 on Wednesday. OSI Systems, Inc. has a twelve month low of $99.11 and a twelve month high of $144.11. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98. The business has a 50 day simple moving average of $135.40 and a 200-day simple moving average of $126.50.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The business had revenue of $373.20 million during the quarter, compared to the consensus estimate of $364.29 million. During the same period in the previous year, the business earned $1.19 EPS. The business’s quarterly revenue was up 26.3% on a year-over-year basis. As a group, equities research analysts expect that OSI Systems, Inc. will post 8.03 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $6,503,650 in the last three months. 5.60% of the stock is owned by insiders.

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.