OSI Systems, Inc. (NASDAQ:OSIS) Stock Position Reduced by Skylands Capital LLC

Skylands Capital LLC lessened its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 24.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,941 shares of the technology company's stock after selling 5,279 shares during the quarter. Skylands Capital LLC owned approximately 0.09% of OSI Systems worth $3,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in OSI Systems during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC lifted 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 acquiring an additional 195 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after acquiring an additional 483 shares during the last quarter. Parkside Financial Bank & Trust increased its position in OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock worth $129,000 after purchasing an additional 207 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in OSI Systems during the 4th quarter worth about $206,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OSIS shares. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. 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 note on Tuesday, April 8th. Roth Mkm lifted 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. B. Riley reiterated a "buy" rating and issued 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 price target on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, OSI Systems has a consensus rating of "Moderate Buy" and an average price target of $228.33.

Insiders Place Their Bets

In other news, Chairman Deepak Chopra sold 20,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chairman owned 339,478 shares of the company's stock, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Meyer/ Luskin sold 1,000 shares of OSI Systems 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 completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 43,371 shares of company stock valued at $9,784,380. Corporate insiders own 5.20% of the company's stock.

OSI Systems Trading Up 0.8%

OSIS stock traded up $1.90 during midday trading on Wednesday, reaching $228.64. 208,391 shares of the company's stock traded hands, compared to its average volume of 235,193. 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, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $241.64. The business has a 50-day moving average price of $221.84 and a two-hundred day moving average price of $199.32. The company has a market capitalization of $3.84 billion, a P/E ratio of 27.82, a PEG ratio of 2.04 and a beta of 1.27.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results 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 net margin of 8.38% and a return on equity of 18.37%. The business had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. During the same quarter last year, the firm posted $2.16 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. Equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS 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.