Raymond James & Associates Decreases Position in OSI Systems, Inc. (NASDAQ:OSIS)

Raymond James & Associates lessened its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,940 shares of the technology company’s stock after selling 1,403 shares during the period. Raymond James & Associates’ holdings in OSI Systems were worth $896,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in OSI Systems by 27.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after buying an additional 90 shares during the period. SG Americas Securities LLC purchased a new position in OSI Systems in the 3rd quarter valued at approximately $118,000. Lido Advisors LLC purchased a new position in OSI Systems in the 3rd quarter valued at approximately $216,000. MQS Management LLC purchased a new position in OSI Systems in the 3rd quarter valued at approximately $234,000. Finally, Watershed Asset Management L.L.C. acquired a new stake in shares of OSI Systems in the 3rd quarter valued at $271,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Activity at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now directly owns 468,615 shares of the company’s stock, valued at $60,502,882.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the completion of the sale, the general counsel now directly owns 63,116 shares of the company’s stock, valued at $8,218,334.36. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $6,503,650 over the last ninety days. Insiders own 5.60% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS stock opened at $139.44 on Tuesday. 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 firm has a fifty day moving average price of $135.45 and a 200 day moving average price of $127.01. The company has a market cap of $2.38 billion, a P/E ratio of 21.16, a PEG ratio of 1.53 and a beta of 0.98. OSI Systems, Inc. has a 12 month low of $99.70 and a 12 month high of $144.11.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The firm had revenue of $373.20 million during the quarter, compared to the consensus estimate of $364.29 million. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company’s revenue was up 26.3% compared to the same quarter last year. Sell-side analysts predict that OSI Systems, Inc. will post 8.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Roth Mkm boosted their target price on shares of OSI Systems from $165.00 to $169.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research note on Friday.

About OSI Systems

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.