Teacher Retirement System of Texas Has $450,000 Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Teacher Retirement System of Texas trimmed its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 76.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds and other institutional investors have also recently bought and sold shares of OSIS. Aster Capital Management DIFC Ltd bought a new position in OSI Systems in the 4th quarter valued at $25,000. CIBC Private Wealth Group LLC boosted its position in OSI Systems by 241.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after buying an additional 483 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in OSI Systems in the 1st quarter valued at $234,000. Quantessence Capital LLC bought a new position in OSI Systems in the 4th quarter valued at $231,000. Finally, Cibc World Markets Corp bought a new position in OSI Systems in the 4th quarter valued at $248,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OSI Systems

In related news, Director Meyer/ Luskin sold 1,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total transaction of $237,150.00. Following the sale, the director owned 11,214 shares of the company's stock, valued at approximately $2,659,400.10. This trade represents a 8.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the sale, the insider directly owned 8,354 shares in the company, valued at $1,878,731.06. The trade was a 7.61% 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. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of recent research reports. Roth Mkm increased their price objective on OSI Systems from $224.00 to $245.00 and gave the company 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 research report on Friday, May 16th. Oppenheimer increased their price objective on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wells Fargo & Company reduced their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, B. Riley restated a "buy" rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Trading Up 2.1%

Shares of NASDAQ:OSIS traded up $4.51 during midday trading on Monday, hitting $215.89. The company had a trading volume of 143,564 shares, compared to its average volume of 206,031. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $241.64. 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 stock has a market cap of $3.62 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.79 and a beta of 1.27. The firm has a fifty day simple moving average of $223.76 and a 200 day simple moving average of $203.67.

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, topping the consensus estimate of $2.38 by $0.06. The business had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The firm's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.16 EPS. On average, analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

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.