OSI Systems, Inc. $OSIS Shares Sold by Boston Partners

Key Points

• Boston Partners reduced its stake in OSI Systems by 59.5%, selling 141,455 shares and now owns 96,427 shares valued at approximately $18.6 million.
• Analysts are optimistic about OSI Systems, with Oppenheimer raising its price target from $225 to $260 and multiple analysts giving the stock a consensus rating of "Moderate Buy."
• Institutional investors dominate OSI Systems' stock ownership, holding 89.21% of the company’s shares, indicating strong institutional confidence in the company.

Boston Partners trimmed its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 59.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 96,427 shares of the technology company's stock after selling 141,455 shares during the period. Boston Partners owned about 0.57% of OSI Systems worth $18,635,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its stake in shares of OSI Systems by 118.2% in the first quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock worth $28,000 after acquiring an additional 78 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in OSI Systems by 139.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock valued at $38,000 after purchasing an additional 113 shares in the last quarter. Quantessence Capital LLC purchased a new position in OSI Systems in the 4th quarter valued at $231,000. Xponance Inc. acquired a new stake in OSI Systems during the 1st quarter worth $233,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of OSI Systems during the first quarter worth $234,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 750 shares of OSI Systems stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total value of $171,660.00. Following the sale, the director owned 24,055 shares in the company, valued at $5,505,708.40. The trade was a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total value of $237,150.00. Following the completion of the sale, the director owned 11,214 shares in the company, valued at $2,659,400.10. This represents a 8.19% decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

OSI Systems Trading Down 1.9%

OSI Systems stock traded down $4.31 during trading on Tuesday, reaching $226.91. 134,992 shares of the company were exchanged, compared to its average volume of 219,551. OSI Systems, Inc. has a 52-week low of $129.84 and a 52-week high of $241.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The company has a market capitalization of $3.81 billion, a P/E ratio of 27.60, a PEG ratio of 1.98 and a beta of 1.31. The stock's 50 day simple moving average is $223.61 and its two-hundred day simple moving average is $211.17.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OSIS shares. Oppenheimer upped their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. B. Riley reaffirmed a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Roth Mkm upped their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, OSI Systems has an average rating of "Moderate Buy" and a consensus target price of $228.33.

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.