OSI Systems, Inc. (NASDAQ:OSIS) is Prospect Capital Advisors LLC's 6th Largest Position

Prospect Capital Advisors LLC reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,385 shares of the technology company's stock after selling 17,055 shares during the quarter. OSI Systems accounts for 5.4% of Prospect Capital Advisors LLC's portfolio, making the stock its 6th largest position. Prospect Capital Advisors LLC owned about 0.33% of OSI Systems worth $9,273,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC grew its stake in OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after buying an additional 1,660 shares during the period. Schroder Investment Management Group purchased a new stake in OSI Systems during the fourth quarter worth approximately $472,000. Barclays PLC grew its stake in OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after buying an additional 25,437 shares during the period. Register Financial Advisors LLC grew its stake in OSI Systems by 128.0% during the fourth quarter. Register Financial Advisors LLC now owns 11,400 shares of the technology company's stock worth $1,909,000 after buying an additional 6,400 shares during the period. Finally, Avanza Fonder AB purchased a new stake in OSI Systems during the fourth quarter worth approximately $370,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at OSI Systems

In other news, Director William Francis Ballhaus, Jr. sold 933 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the transaction, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was 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 approximately $1,878,731.06. The trade was a 7.61% decrease in their ownership of the stock. 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. Company insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Roth Mkm upped their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company reduced their price objective 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. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. Oppenheimer increased their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, StockNews.com upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Trading Down 1.8%

OSI Systems stock opened at $226.22 on Thursday. The firm's 50-day moving average is $197.85 and its 200-day moving average is $184.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $233.80. The company has a market cap of $3.80 billion, a P/E ratio of 29.11, a PEG 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The business had revenue of $444.35 million for the quarter, compared to analysts' expectations of $436.49 million. During the same quarter last year, the company earned $2.16 EPS. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

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.

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