UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 23,046 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 335,511 shares of the technology company's stock after selling 23,046 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.00% of OSI Systems worth $56,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Schroder Investment Management Group acquired a new stake in shares of OSI Systems during the 4th quarter valued at $472,000. Barclays PLC raised its stake in OSI Systems by 252.3% during the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after purchasing an additional 25,437 shares during the period. Register Financial Advisors LLC raised its stake in OSI Systems by 128.0% during the 4th quarter. Register Financial Advisors LLC now owns 11,400 shares of the technology company's stock valued at $1,909,000 after purchasing an additional 6,400 shares during the period. Smartleaf Asset Management LLC raised its stake in OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after purchasing an additional 195 shares during the period. Finally, Deutsche Bank AG raised its stake in OSI Systems by 47.3% during the 4th quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock valued at $3,271,000 after purchasing an additional 6,277 shares during the period. Institutional investors and hedge funds own 89.21% of the company's stock.

OSI Systems Stock Performance

OSIS stock traded down $3.34 during trading on Friday, reaching $216.85. 45,903 shares of the stock were exchanged, compared to its average volume of 194,048. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $206.11 and a 200-day simple moving average of $190.67. The company has a market capitalization of $3.64 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $234.59.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data 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 company 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 18.22% and a net margin of 8.15%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.16 earnings per share. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman now owns 339,478 shares in the company, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Glenn Grindstaff sold 688 shares of OSI Systems stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the transaction, the insider now owns 8,354 shares of the company's stock, valued at $1,878,731.06. This trade represents a 7.61% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,371 shares of company stock valued at $9,547,230. 5.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. B. Riley reissued a "buy" rating and set a $255.00 target price (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Roth Mkm upped their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Oppenheimer upped their price target on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company dropped their price target on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, OSI Systems currently has an average rating of "Moderate Buy" and a consensus target price of $228.33.

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.