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

Public Sector Pension Investment Board cut its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 33,605 shares of the technology company’s stock after selling 900 shares during the quarter. Public Sector Pension Investment Board owned about 0.20% of OSI Systems worth $5,102,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of OSIS. FMR LLC boosted its holdings in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after buying an additional 631,486 shares during the period. Hood River Capital Management LLC boosted its stake in OSI Systems by 10.6% in the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock worth $43,565,000 after purchasing an additional 30,464 shares during the period. Primecap Management Co. CA increased its holdings in OSI Systems by 4.9% during the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock worth $44,714,000 after purchasing an additional 13,880 shares in the last quarter. Thematics Asset Management raised its stake in shares of OSI Systems by 11.0% in the 3rd quarter. Thematics Asset Management now owns 187,000 shares of the technology company’s stock valued at $28,392,000 after purchasing an additional 18,500 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of OSI Systems by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock valued at $17,540,000 after purchasing an additional 1,747 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

OSI Systems Price Performance

NASDAQ:OSIS opened at $177.40 on Monday. The stock has a market capitalization of $2.96 billion, a PE ratio of 23.16, a P/E/G ratio of 1.53 and a beta of 1.10. OSI Systems, Inc. has a 1-year low of $120.42 and a 1-year high of $177.56. The firm has a fifty day simple moving average of $148.92 and a 200 day simple moving average of $144.31. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 23.2% on a year-over-year basis. On average, research analysts expect that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Insider Buying and Selling at OSI Systems

In related news, Director Gerald M. Chizever sold 3,000 shares of the company’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 transaction, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. This represents a 46.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the firm’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 transaction of $2,898,400.00. Following the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This trade represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock worth $6,071,809 over the last 90 days. Company insiders own 5.20% of the company’s stock.

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.