Teacher Retirement System of Texas Trims Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Teacher Retirement System of Texas lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 59.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,986 shares of the technology company’s stock after selling 14,844 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of OSI Systems worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Boston Partners lifted its position in OSI Systems by 34.7% during the fourth 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 in the last quarter. Advisors Asset Management Inc. raised its stake in shares of OSI Systems by 8.2% in the fourth quarter. Advisors Asset Management Inc. now owns 18,839 shares of the technology company’s stock worth $3,154,000 after buying an additional 1,430 shares during the period. Primecap Management Co. CA lifted its position in shares of OSI Systems by 1.1% during the 4th quarter. Primecap Management Co. CA now owns 297,710 shares of the technology company’s stock valued at $49,846,000 after buying an additional 3,210 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of OSI Systems during the 4th quarter valued at approximately $248,000. Finally, Corient Private Wealth LLC purchased a new stake in OSI Systems in the 4th quarter worth approximately $907,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Down 0.6 %

OSIS opened at $199.11 on Friday. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $196.10 and a two-hundred day simple moving average of $170.50. The company has a market capitalization of $3.34 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Roth Mkm upped their price target on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company increased their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. began coverage on OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective on the stock. Finally, B. Riley increased their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

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.