Thematics Asset Management Has $26.52 Million Stock Position in OSI Systems, Inc. $OSIS

Key Points

• Thematics Asset Management trimmed its OSI Systems stake by 5.5% (sold 6,172 shares), leaving 106,411 shares worth about $26.52 million, roughly 0.63% of the company and 1.2% of the fund's holdings.
• Director Deepak Chopra sold 20,000 shares on Feb. 2 at an average of $250.91 for about $5.02 million, reducing his ownership by 6.82%; corporate insiders own ~4.3% of the stock.
• OSI Systems beat quarterly expectations with EPS of $2.58 (vs. $2.52 est.) and revenue of $464.1 million (up 10.5% YoY); analysts are mostly positive with a consensus target of ~$282 and B. Riley raising its target to $320.

Thematics Asset Management cut its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 5.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,411 shares of the technology company's stock after selling 6,172 shares during the quarter. OSI Systems makes up about 1.2% of Thematics Asset Management's holdings, making the stock its 26th biggest position. Thematics Asset Management owned about 0.63% of OSI Systems worth $26,522,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in shares of OSI Systems in the third quarter valued at about $32,000. Richardson Financial Services Inc. increased its stake in OSI Systems by 58.2% during the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company's stock valued at $36,000 after acquiring an additional 53 shares during the period. Nisa Investment Advisors LLC increased its stake in OSI Systems by 28.6% during the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company's stock valued at $64,000 after acquiring an additional 57 shares during the period. USA Financial Formulas raised its holdings in OSI Systems by 82.9% in the 3rd quarter. USA Financial Formulas now owns 450 shares of the technology company's stock valued at $112,000 after acquiring an additional 204 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in OSI Systems in the 3rd quarter valued at approximately $113,000. Institutional investors own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the completion of the transaction, the director directly owned 273,044 shares in the company, valued at $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by corporate insiders.

OSI Systems Stock Down 1.7%

NASDAQ OSIS opened at $270.92 on Friday. OSI Systems, Inc. has a 1-year low of $164.07 and a 1-year high of $306.12. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 2.25 and a beta of 1.32. The stock's 50 day moving average is $277.14 and its two-hundred day moving average is $261.99. The company has a current ratio of 3.15, a quick ratio of 2.31 and a debt-to-equity ratio of 1.18.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.52 by $0.06. The business had revenue of $464.06 million during the quarter, compared to analysts' expectations of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.OSI Systems's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.42 EPS. Equities analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. B. Riley Financial lifted their price objective on OSI Systems from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Weiss Ratings upgraded OSI Systems from a "buy (b)" rating to a "buy (a-)" rating in a research note on Wednesday. UBS Group set a $292.00 target price on OSI Systems in a research report on Monday, December 1st. Roth Mkm boosted their price target on shares of OSI Systems from $292.00 to $295.00 and gave the company a "buy" rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $282.00.

OSI Systems Company Profile

OSI Systems, Inc NASDAQ: OSIS is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.

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