Systematic Financial Management LP Lowers Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Systematic Financial Management LP lowered its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 2.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,073 shares of the technology company’s stock after selling 7,045 shares during the period. OSI Systems makes up 1.0% of Systematic Financial Management LP’s holdings, making the stock its 21st biggest holding. Systematic Financial Management LP owned approximately 1.37% of OSI Systems worth $32,052,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OSIS. Thematics Asset Management boosted its stake in shares of OSI Systems by 18.8% in the 4th quarter. Thematics Asset Management now owns 158,000 shares of the technology company’s stock valued at $20,390,000 after buying an additional 25,000 shares during the period. Wakefield Asset Management LLLP acquired a new position in OSI Systems during the 1st quarter worth approximately $959,000. Allspring Global Investments Holdings LLC increased its position in shares of OSI Systems by 1,193.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock valued at $4,149,000 after purchasing an additional 26,806 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of OSI Systems by 271.1% in the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock valued at $5,012,000 after purchasing an additional 25,636 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of OSI Systems during the 1st quarter worth $921,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on OSIS. B. Riley increased their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Roth Mkm raised their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company started coverage on shares of OSI Systems in a research note on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $172.00.

OSI Systems Stock Up 0.4 %

OSI Systems stock opened at $145.39 on Friday. The company has a market capitalization of $2.41 billion, a P/E ratio of 20.00, a PEG ratio of 1.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. OSI Systems, Inc. has a fifty-two week low of $103.04 and a fifty-two week high of $158.69. The stock has a 50-day simple moving average of $144.30 and a 200-day simple moving average of $140.30.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.05. The business had revenue of $480.91 million during the quarter, compared to the consensus estimate of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.66 earnings per share. Equities research analysts expect that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the transaction, the chief executive officer now owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,107 shares of company stock worth $3,474,189. 5.60% of the stock is owned by company 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.