Public Sector Pension Investment Board Has $5.10 Million Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Public Sector Pension Investment Board lowered its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 2.6% in the third quarter, HoldingsChannel.com reports. The firm owned 33,605 shares of the technology company’s stock after selling 900 shares during the quarter. Public Sector Pension Investment Board’s holdings in OSI Systems were worth $5,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC bought a new stake in OSI Systems during the first quarter worth about $921,000. Renaissance Technologies LLC increased its holdings in shares of OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after buying an additional 11,400 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of OSI Systems by 25.8% in the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after acquiring an additional 25,262 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of OSI Systems by 71.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock valued at $4,080,000 after acquiring an additional 11,173 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in OSI Systems by 24.4% during the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock worth $11,563,000 after acquiring an additional 15,945 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Trading Up 1.7 %

OSIS opened at $177.40 on Monday. The stock has a market cap of $2.96 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $177.56. The company has a fifty day moving average of $148.92 and a 200-day moving average of $144.31.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts predict that OSI Systems, Inc. will post 9.12 EPS 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 transaction, the insider now owns 10,077 shares of the company’s stock, valued at $1,461,568.08. This represents a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares of the company’s stock, valued at $479,175.42. The trade was a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,107 shares of company stock valued at $6,071,809. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on OSIS. B. Riley lifted their price target on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Roth Mkm lifted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Bank of America started coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. Finally, StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Company 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.