OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Cwm LLC

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

Several other hedge funds also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new stake in OSI Systems in the fourth quarter valued at $25,000. Nisa Investment Advisors LLC lifted its position in shares of OSI Systems by 139.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after purchasing an additional 113 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of OSI Systems by 241.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after acquiring an additional 483 shares in the last quarter. Quantessence Capital LLC acquired a new position in OSI Systems during the fourth quarter worth approximately $231,000. Finally, Xponance Inc. purchased a new position in shares of OSI Systems during the first quarter worth about $233,000. Institutional investors own 89.21% of the company's stock.

Insider Buying and Selling

In related news, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Alan I. Edrick sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the completion of the transaction, the chief financial officer owned 284,953 shares in the company, valued at $65,254,237. This represents a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,371 shares of company stock worth $9,784,380 over the last ninety days. Company insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

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 increased their price target on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note 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 company an "outperform" rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company reduced their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $228.33.

OSI Systems Stock Performance

Shares of OSIS stock traded up $1.18 during trading on Tuesday, reaching $217.07. 145,620 shares of the company's stock traded hands, compared to its average volume of 205,790. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year 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. The company has a market capitalization of $3.64 billion, a P/E ratio of 26.41, a PEG ratio of 1.79 and a beta of 1.27. The firm's 50-day moving average is $223.76 and its 200 day moving average is $203.67.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.06. The firm had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.16 EPS. Equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

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.