OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC trimmed its position in OSI Systems, Inc. (NASDAQ:OSIS) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,385 shares of the technology company’s stock after selling 17,055 shares during the quarter. OSI Systems makes up approximately 5.4% of Prospect Capital Advisors LLC’s portfolio, making the stock its 6th largest position. Prospect Capital Advisors LLC’s holdings in OSI Systems were worth $9,273,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of OSI Systems during the fourth quarter worth approximately $25,000. Richardson Financial Services Inc. boosted its holdings in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock worth $108,000 after purchasing an additional 483 shares during the period. Finally, KBC Group NV boosted its holdings in shares of OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. B. Riley reissued a “buy” rating and issued a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target on the stock. Oppenheimer lifted their price target 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. Finally, Roth Mkm lifted their price target 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.33.

Insider Activity

In related news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman now directly owns 339,478 shares of the company’s stock, valued at $75,292,825.62. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the transaction, the director now directly owns 24,805 shares of the company’s stock, valued at $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,621 shares of company stock worth $4,795,570. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Stock Down 1.8%

Shares of NASDAQ:OSIS opened at $226.22 on Thursday. OSI Systems, Inc. has a 52 week low of $129.18 and a 52 week high of $233.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company’s fifty day moving average is $197.85 and its 200-day moving average is $184.06. The company has a market capitalization of $3.80 billion, a PE ratio of 29.11, a P/E/G ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The company had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. During the same quarter in the previous year, the company earned $2.16 EPS. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

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.