Cwm LLC Has $1.03 Million Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

CWM LLC decreased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 25.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,322 shares of the technology company's stock after selling 1,816 shares during the period. CWM LLC's holdings in OSI Systems were worth $1,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OSIS. Janus Henderson Group PLC lifted its stake in shares of OSI Systems by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock worth $206,072,000 after acquiring an additional 21,637 shares in the last quarter. FMR LLC lifted its stake in shares of OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock worth $141,965,000 after acquiring an additional 203,511 shares in the last quarter. Capital International Investors acquired a new position in shares of OSI Systems in the fourth quarter worth about $97,258,000. Mawer Investment Management Ltd. acquired a new stake in OSI Systems during the fourth quarter valued at approximately $63,171,000. Finally, Clark Capital Management Group Inc. raised its stake in 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 valued at $60,729,000 after buying an additional 59,690 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Stock Up 0.9%

NASDAQ OSIS traded up $2.05 during trading on Friday, hitting $226.08. 101,423 shares of the company traded hands, compared to its average volume of 176,036. The company has a market capitalization of $3.80 billion, a P/E ratio of 27.50, a PEG ratio of 1.89 and a beta of 1.27. The business has a fifty day simple moving average of $223.08 and a 200 day simple moving average of $205.10. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $241.64. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53.

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 18.37% and a net margin of 8.38%. The company had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. During the same period last year, the business posted $2.16 earnings per share. The firm's revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Activity

In other news, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction that occurred on 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 owned 24,805 shares in the company, valued at approximately $5,451,394.85. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Glenn Grindstaff sold 688 shares of OSI Systems stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the transaction, the insider owned 8,354 shares of the company's stock, valued at $1,878,731.06. This trade represents a 7.61% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,371 shares of company stock valued at $9,784,380. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OSIS has been the topic of several research reports. B. Riley restated a "buy" rating and set a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Roth Mkm boosted their price objective on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Oppenheimer increased their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company decreased their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, OSI Systems presently has an average rating of "Moderate Buy" and an average price target of $228.33.

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.