Lazard Asset Management LLC Cuts Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Lazard Asset Management LLC decreased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 50.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,071 shares of the technology company's stock after selling 4,121 shares during the quarter. Lazard Asset Management LLC's holdings in OSI Systems were worth $681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OSIS. Capital International Investors acquired a new stake in shares of OSI Systems during the fourth quarter valued at about $97,258,000. Mawer Investment Management Ltd. bought a new position in OSI Systems in the 4th quarter valued at approximately $63,171,000. Brown Advisory Inc. acquired a new stake in OSI Systems during the 4th quarter worth approximately $45,618,000. FMR LLC grew its holdings in OSI Systems by 31.6% during the 4th 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 during the last quarter. Finally, Boston Partners increased its position in OSI Systems by 34.7% in the 4th quarter. Boston Partners now owns 237,882 shares of the technology company's stock valued at $39,911,000 after acquiring an additional 61,304 shares during the period. Institutional investors own 89.21% of the company's stock.

OSI Systems Trading Down 0.5%

OSIS traded down $1.24 during trading on Monday, reaching $227.44. 115,768 shares of the stock traded hands, compared to its average volume of 193,505. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average is $204.72 and its 200 day moving average is $189.77. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $233.80. The stock has a market capitalization of $3.82 billion, a PE ratio of 29.27, a P/E/G ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.38 by $0.06. The company had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.16 EPS. Equities analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Transactions at OSI Systems

In other news, Director William Francis Ballhaus, Jr. sold 933 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the transaction, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Glenn Grindstaff sold 688 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the transaction, the insider now directly owns 8,354 shares in the company, 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. Insiders sold a total of 42,371 shares of company stock valued at $9,547,230 in the last quarter. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on OSIS shares. Oppenheimer lifted their price target 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. Roth Mkm raised their target price on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. B. Riley reiterated a "buy" rating and issued a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. began coverage on OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

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.