New York State Common Retirement Fund Increases Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

New York State Common Retirement Fund grew its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 10.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,104 shares of the technology company's stock after buying an additional 2,010 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of OSI Systems worth $4,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSIS. Xponance Inc. bought a new stake in OSI Systems in the 1st quarter valued at $233,000. Nisa Investment Advisors LLC lifted its stake in OSI Systems by 139.5% during the first 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. Brown Advisory Inc. lifted its stake in shares of OSI Systems by 2.3% in the 1st quarter. Brown Advisory Inc. now owns 278,790 shares of the technology company's stock valued at $54,180,000 after acquiring an additional 6,332 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of OSI Systems during the 1st quarter worth approximately $274,000. Finally, World Investment Advisors bought a new stake in shares of OSI Systems in the 1st quarter worth approximately $365,000. Institutional investors own 89.21% of the company's stock.

OSI Systems Trading Up 0.5%

Shares of OSI Systems stock traded up $1.18 on Tuesday, reaching $217.07. The company had a trading volume of 145,620 shares, compared to its average volume of 205,790. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The firm's 50-day moving average price is $223.76 and its two-hundred day moving average price is $203.67. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 1.79 and a beta of 1.27. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $241.64.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.06. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The firm had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. During the same period in the prior year, the firm earned $2.16 EPS. The business's revenue was up 9.5% on a year-over-year basis. As a group, research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Roth Mkm upped their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. B. Riley reiterated a "buy" rating and set a $255.00 target price (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, Oppenheimer raised their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $228.33.

Insider Activity

In other news, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the sale, the director directly owned 24,805 shares in the company, valued at $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Glenn Grindstaff sold 688 shares of the firm's 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 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 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.

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.