Granahan Investment Management LLC Cuts Position in OSI Systems, Inc. (NASDAQ:OSIS)

Granahan Investment Management LLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 40.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,851 shares of the technology company's stock after selling 13,594 shares during the period. Granahan Investment Management LLC owned 0.12% of OSI Systems worth $3,324,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Clark Capital Management Group Inc. boosted its stake in shares of OSI Systems by 19.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock worth $60,729,000 after acquiring an additional 59,690 shares during the period. Deutsche Bank AG boosted its stake 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 worth $3,271,000 after acquiring an additional 6,277 shares during the period. Corton Capital Inc. bought a new position in shares of OSI Systems in the fourth quarter worth about $281,000. Cetera Investment Advisers boosted its stake in shares of OSI Systems by 29.5% in the fourth quarter. Cetera Investment Advisers now owns 10,896 shares of the technology company's stock worth $1,824,000 after acquiring an additional 2,485 shares during the period. Finally, Brown Advisory Inc. bought a new position in shares of OSI Systems in the fourth quarter worth about $45,618,000. Institutional investors own 89.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on OSIS. Oppenheimer increased their price target on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Roth Mkm increased their price target on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. began coverage on OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $228.33.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, May 5th. The stock was 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 now owns 339,478 shares in the company, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the transaction, the director now owns 24,805 shares of the company's stock, valued at $5,451,394.85. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,621 shares of company stock valued at $4,795,570. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Trading Down 1.8%

Shares of NASDAQ OSIS traded down $4.03 during midday trading on Wednesday, hitting $226.22. The company's stock had a trading volume of 203,992 shares, compared to its average volume of 191,994. 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 business's 50 day moving average is $196.98 and its two-hundred day moving average is $183.77. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $233.80. The firm has a market cap of $3.80 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping the consensus estimate 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%. OSI Systems's quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $2.16 EPS. As a group, equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

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.