Skylands Capital LLC Has $3.10 Million Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Skylands Capital LLC cut its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 24.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,941 shares of the technology company's stock after selling 5,279 shares during the period. Skylands Capital LLC owned about 0.09% of OSI Systems worth $3,098,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its holdings in OSI Systems by 10.3% in the first quarter. Illinois Municipal Retirement Fund now owns 8,846 shares of the technology company's stock worth $1,719,000 after purchasing an additional 824 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of OSI Systems during the first quarter worth $234,000. Moran Wealth Management LLC bought a new stake in shares of OSI Systems during the first quarter worth $541,000. Asset Management One Co. Ltd. increased its position in shares of OSI Systems by 5.3% during the first quarter. Asset Management One Co. Ltd. now owns 52,548 shares of the technology company's stock worth $10,212,000 after acquiring an additional 2,642 shares in the last quarter. Finally, GHP Investment Advisors Inc. increased its position in shares of OSI Systems by 5.7% during the first quarter. GHP Investment Advisors Inc. now owns 31,628 shares of the technology company's stock worth $6,147,000 after acquiring an additional 1,712 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OSIS. Oppenheimer increased their price objective 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 lowered their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company 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. B. Riley reissued a "buy" rating and set a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Finally, Roth Mkm increased their price objective 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, OSI Systems currently has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Stock Down 0.2%

OSI Systems stock traded down $0.46 during mid-day trading on Friday, reaching $224.05. The company's stock had a trading volume of 232,737 shares, compared to its average volume of 205,326. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $241.64. The business's 50 day simple moving average is $220.36 and its 200 day simple moving average is $198.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 2.11.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.06. The business had revenue of $444.35 million during the quarter, compared to the consensus estimate of $436.49 million. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 earnings per share. As a group, research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Activity at OSI Systems

In other OSI Systems news, insider Glenn Grindstaff sold 688 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the sale, the insider now owns 8,354 shares in the company, valued at $1,878,731.06. This trade represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total transaction of $237,150.00. Following the completion of the sale, the director now owns 11,214 shares of the company's stock, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 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 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.