Charles Schwab Investment Management Inc. Trims Position in OSI Systems, Inc. $OSIS

Charles Schwab Investment Management Inc. lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,936 shares of the technology company's stock after selling 3,116 shares during the period. Charles Schwab Investment Management Inc. owned about 1.26% of OSI Systems worth $40,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSIS. Capital International Investors purchased a new position in shares of OSI Systems in the fourth quarter worth about $97,258,000. Brown Advisory Inc. bought a new stake in OSI Systems during the 4th quarter valued at $45,618,000. Mawer Investment Management Ltd. lifted its position in shares of OSI Systems by 22.2% during the first quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company's stock worth $89,595,000 after acquiring an additional 83,724 shares in the last quarter. Clark Capital Management Group Inc. lifted its position in shares of OSI Systems by 19.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock worth $60,729,000 after acquiring an additional 59,690 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in shares of OSI Systems by 12.3% in the first quarter. Primecap Management Co. CA now owns 334,330 shares of the technology company's stock worth $64,974,000 after acquiring an additional 36,620 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William Francis Ballhaus, Jr. sold 750 shares of OSI Systems stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $228.88, for a total value of $171,660.00. Following the transaction, the director directly owned 24,055 shares of the company's stock, valued at $5,505,708.40. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $237,150.00. Following the completion of the sale, the director owned 11,214 shares in the company, valued at approximately $2,659,400.10. This trade 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.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on OSIS shares. Oppenheimer lifted their target price on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. 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. B. Riley reiterated a "buy" rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $228.33.

OSI Systems Price Performance

Shares of NASDAQ OSIS traded down $4.31 during trading hours on Tuesday, reaching $226.91. 134,992 shares of the stock traded hands, compared to its average volume of 142,280. The company's 50-day simple moving average is $223.52 and its two-hundred day simple moving average is $211.28. The company has a market capitalization of $3.81 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. OSI Systems, Inc. has a 52-week low of $129.84 and a 52-week high of $241.64. The company has a quick ratio of 1.38, a current ratio of 2.11 and a debt-to-equity ratio of 0.53.

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.