Moody Aldrich Partners LLC Sells 1,878 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Moody Aldrich Partners LLC decreased its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,512 shares of the technology company's stock after selling 1,878 shares during the period. OSI Systems accounts for about 1.2% of Moody Aldrich Partners LLC's holdings, making the stock its 23rd biggest position. Moody Aldrich Partners LLC owned about 0.18% of OSI Systems worth $5,930,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC bought a new stake in shares of OSI Systems in the first quarter valued at approximately $234,000. QRG Capital Management Inc. raised its position in shares of OSI Systems by 11.8% in the first quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock valued at $563,000 after purchasing an additional 305 shares during the period. Schroder Investment Management Group bought a new stake in shares of OSI Systems in the fourth quarter valued at approximately $472,000. Smartleaf Asset Management LLC raised its position in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after purchasing an additional 195 shares during the period. Finally, Deutsche Bank AG raised its position in shares of OSI Systems by 47.3% in the fourth quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock valued at $3,271,000 after purchasing an additional 6,277 shares during the period. Institutional investors own 89.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OSIS. 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 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. 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. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company decreased their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $228.33.

Insider Activity at OSI Systems

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 933 shares of the firm's stock in a transaction 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 sale, the director owned 24,805 shares of the company's stock, valued at $5,451,394.85. This trade represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the completion of the sale, the chairman directly owned 339,478 shares in the company, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,371 shares of company stock worth $9,784,380 in the last 90 days. Corporate insiders own 5.20% of the company's stock.

OSI Systems Price Performance

OSIS stock traded down $1.70 during midday trading on Monday, reaching $230.81. The company had a trading volume of 168,151 shares, compared to its average volume of 206,686. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $241.64. The company has a market capitalization of $3.88 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.97 and a beta of 1.27. The firm has a 50-day moving average price of $223.08 and a 200-day moving average price of $200.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released 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. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The company had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same quarter last year, the firm earned $2.16 EPS. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

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.