OSI Systems, Inc. (NASDAQ:OSIS) Position Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 76.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,318 shares of the technology company's stock after selling 7,668 shares during the period. Teacher Retirement System of Texas' holdings in OSI Systems were worth $450,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in OSIS. State of Wyoming increased its holdings in OSI Systems by 1.9% in the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company's stock worth $452,000 after buying an additional 51 shares during the last quarter. MetLife Investment Management LLC lifted its position in OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock worth $1,574,000 after purchasing an additional 61 shares during the period. Summit Investment Advisors Inc. lifted its position in OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock worth $278,000 after purchasing an additional 74 shares during the period. Hsbc Holdings PLC lifted its position in OSI Systems by 2.8% in the fourth quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company's stock worth $701,000 after purchasing an additional 112 shares during the period. Finally, Aster Capital Management DIFC Ltd bought a new position in OSI Systems in the fourth quarter worth $25,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OSIS. B. Riley reissued a "buy" rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Oppenheimer lifted their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Roth Mkm boosted 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. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, Wells Fargo & Company cut their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, OSI Systems currently has an average rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems Stock Up 0.8%

OSIS stock opened at $213.82 on Friday. 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 capitalization of $3.59 billion, a PE ratio of 26.01, a PEG ratio of 1.80 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. The business's 50 day simple moving average is $224.00 and its 200 day simple moving average is $202.85.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 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 for the quarter, compared to analyst estimates of $436.49 million. During the same period in the prior year, the firm posted $2.16 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Activity

In other news, insider Glenn Grindstaff sold 688 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the sale, the insider directly owned 8,354 shares in the company, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Deepak Chopra sold 20,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the sale, the chairman owned 339,478 shares of the company's stock, valued at approximately $75,292,825.62. This represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,371 shares of company stock worth $9,784,380. 5.20% of the stock is owned by insiders.

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.

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