Canada Pension Plan Investment Board Sells 12,500 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Canada Pension Plan Investment Board lowered its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 84.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,300 shares of the technology company's stock after selling 12,500 shares during the period. Canada Pension Plan Investment Board's holdings in OSI Systems were worth $385,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC lifted its stake in shares of OSI Systems by 31.6% in the 4th quarter. FMR LLC now owns 847,907 shares of the technology company's stock valued at $141,965,000 after acquiring an additional 203,511 shares during the last quarter. Mawer Investment Management Ltd. bought a new position in OSI Systems in the fourth quarter valued at about $63,171,000. Primecap Management Co. CA boosted its stake in shares of OSI Systems by 1.1% during the fourth quarter. Primecap Management Co. CA now owns 297,710 shares of the technology company's stock valued at $49,846,000 after purchasing an additional 3,210 shares in the last quarter. Boston Partners grew its holdings in shares of OSI Systems by 34.7% during the fourth quarter. Boston Partners now owns 237,882 shares of the technology company's stock worth $39,911,000 after purchasing an additional 61,304 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of OSI Systems by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 214,052 shares of the technology company's stock valued at $35,839,000 after buying an additional 3,424 shares during the period. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Up 8.6 %

Shares of OSIS stock traded up $17.64 during mid-day trading on Thursday, hitting $222.38. The company's stock had a trading volume of 309,442 shares, compared to its average volume of 184,830. The company has a market cap of $3.74 billion, a PE ratio of 28.75, a P/E/G ratio of 1.81 and a beta of 1.19. 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 simple moving average is $192.05 and its 200-day simple moving average is $178.53. OSI Systems, Inc. has a 52 week low of $129.18 and a 52 week high of $232.32.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The business's revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $2.16 EPS. As a group, equities research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OSIS shares. Roth Mkm boosted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Oppenheimer boosted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Wells Fargo & Company reduced their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, B. Riley lifted their price objective on OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.33.

About OSI Systems

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.