OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 57.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,907 shares of the technology company's stock after selling 63,029 shares during the quarter. Victory Capital Management Inc. owned approximately 0.28% of OSI Systems worth $9,116,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in OSI Systems during the first quarter valued at $234,000. QRG Capital Management Inc. grew its position in shares of OSI Systems by 11.8% in the first quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock valued at $563,000 after purchasing an additional 305 shares during the period. Schroder Investment Management Group acquired a new stake in shares of OSI Systems in the fourth quarter valued at about $472,000. Deutsche Bank AG grew its position in shares of OSI Systems by 47.3% in the fourth 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. Finally, Norges Bank acquired a new stake in shares of OSI Systems in the fourth quarter valued at about $9,085,000. Institutional investors and hedge funds own 89.21% of the company's stock.

OSI Systems Trading Down 1.3%

Shares of OSI Systems stock traded down $2.95 on Monday, reaching $223.14. The company had a trading volume of 27,828 shares, compared to its average volume of 227,088. The firm's 50 day moving average price is $223.08 and its two-hundred day moving average price is $205.76. The firm has a market cap of $3.75 billion, a PE ratio of 27.16, a PEG ratio of 1.91 and a beta of 1.27. OSI Systems, Inc. has a 52-week low of $129.18 and a 52-week high of $241.64. 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 quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 8.38% and a return on equity of 18.37%. The business's revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.16 EPS. Sell-side analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other OSI Systems news, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the chairman directly owned 339,478 shares of the company's stock, valued at $75,292,825.62. This represents a 5.56% 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 over the last three months. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.