Raymond James & Associates Cuts Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Raymond James & Associates lessened its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,940 shares of the technology company’s stock after selling 1,403 shares during the period. Raymond James & Associates’ holdings in OSI Systems were worth $896,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of OSIS. Legato Capital Management LLC increased its holdings in shares of OSI Systems by 17.7% in the fourth quarter. Legato Capital Management LLC now owns 7,446 shares of the technology company’s stock worth $961,000 after purchasing an additional 1,122 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of OSI Systems by 2.6% in the third quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company’s stock worth $234,958,000 after purchasing an additional 49,634 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of OSI Systems by 10.2% in the third quarter. GSA Capital Partners LLP now owns 8,167 shares of the technology company’s stock worth $964,000 after purchasing an additional 753 shares during the last quarter. Lido Advisors LLC bought a new stake in shares of OSI Systems in the third quarter worth about $216,000. Finally, Quadrature Capital Ltd bought a new stake in shares of OSI Systems in the third quarter worth about $2,548,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 2.9 %

OSIS opened at $139.44 on Tuesday. OSI Systems, Inc. has a 12 month low of $99.70 and a 12 month high of $144.11. The stock has a 50-day moving average of $135.45 and a 200 day moving average of $127.01. The firm has a market cap of $2.38 billion, a P/E ratio of 21.16, a P/E/G ratio of 1.53 and a beta of 0.98. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 25th. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.47. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The business had revenue of $373.20 million during the quarter, compared to analyst estimates of $364.29 million. During the same quarter in the previous year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. As a group, research analysts forecast that OSI Systems, Inc. will post 8.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OSIS. Roth Mkm lifted their target price on OSI Systems from $165.00 to $169.00 and gave the stock a “buy” rating in a report on Friday, January 26th. StockNews.com upgraded OSI Systems from a “hold” rating to a “buy” rating in a research report on Friday.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the sale, the general counsel now owns 63,116 shares in the company, valued at $8,218,334.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the sale, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $6,503,650 over the last 90 days. Company insiders own 5.60% of the company’s stock.

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.