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

New York State Common Retirement Fund boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,104 shares of the technology company's stock after acquiring an additional 2,010 shares during the quarter. New York State Common Retirement Fund owned 0.13% of OSI Systems worth $4,296,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in OSI Systems by 1.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock valued at $206,072,000 after acquiring an additional 21,637 shares in the last quarter. FMR LLC lifted its position in shares of 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 buying an additional 203,511 shares in the last quarter. Capital International Investors bought a new position in shares of OSI Systems during the 4th quarter worth approximately $97,258,000. Mawer Investment Management Ltd. bought a new position in shares of OSI Systems during the 4th quarter worth approximately $63,171,000. Finally, Clark Capital Management Group Inc. lifted its position in shares of OSI Systems by 19.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock worth $60,729,000 after buying an additional 59,690 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded up $2.05 during mid-day trading on Friday, reaching $226.08. The company had a trading volume of 101,423 shares, compared to its average volume of 176,036. 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 firm has a market cap of $3.80 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 1.89 and a beta of 1.27. The company's 50-day moving average price is $223.08 and its 200-day moving average price is $205.10. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $241.64.

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

Insider Buying and Selling

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 750 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $228.88, for a total transaction of $171,660.00. Following the sale, the director owned 24,055 shares of the company's stock, valued at $5,505,708.40. The trade was a 3.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the sale, the chairman directly owned 339,478 shares in the company, valued at $75,292,825.62. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,371 shares of company stock worth $9,784,380 in the last three months. Insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

OSIS has been the topic of several recent analyst reports. B. Riley reissued a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Oppenheimer lifted their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Wells Fargo & Company dropped their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Roth Mkm lifted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, OSI Systems currently has an average rating of "Moderate Buy" and a consensus price target 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.