State of Alaska Department of Revenue Sells 176 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

State of Alaska Department of Revenue reduced its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 2.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,657 shares of the technology company’s stock after selling 176 shares during the period. State of Alaska Department of Revenue owned about 0.05% of OSI Systems worth $1,682,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OSIS. Capital International Investors bought a new position in OSI Systems during the 4th quarter valued at about $97,258,000. Mawer Investment Management Ltd. bought a new position in OSI Systems during the 4th quarter valued at about $63,171,000. Brown Advisory Inc. bought a new position in OSI Systems during the 4th quarter valued at about $45,618,000. FMR LLC lifted its holdings in OSI Systems by 31.6% during the 4th quarter. FMR LLC now owns 847,907 shares of the technology company’s stock valued at $141,965,000 after purchasing an additional 203,511 shares during the last quarter. Finally, Boston Partners lifted its holdings in OSI Systems by 34.7% during the 4th quarter. Boston Partners now owns 237,882 shares of the technology company’s stock valued at $39,911,000 after purchasing an additional 61,304 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OSIS shares. B. Riley reissued a “buy” rating and set a $255.00 price target (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Oppenheimer raised their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Roth Mkm raised their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company lowered their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.33.

OSI Systems Stock Up 0.3%

Shares of NASDAQ:OSIS opened at $215.69 on Tuesday. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $241.64. The company has a 50 day moving average of $218.23 and a 200-day moving average of $197.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 1.95 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.38 by $0.06. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The company had revenue of $444.35 million during the quarter, compared to analysts’ expectations of $436.49 million. During the same quarter in the previous year, the company earned $2.16 EPS. OSI Systems’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Transactions at OSI Systems

In related news, CFO Alan I. Edrick sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the completion of the transaction, the chief financial officer now owns 284,953 shares in the company, valued at approximately $65,254,237. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the transaction, the director now owns 24,805 shares of the company’s stock, valued at approximately $5,451,394.85. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 43,371 shares of company stock worth $9,784,380 in the last quarter. 5.20% 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.