Hood River Capital Management LLC Sells 26,931 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Hood River Capital Management LLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,679 shares of the technology company's stock after selling 26,931 shares during the quarter. Hood River Capital Management LLC owned approximately 1.94% of OSI Systems worth $54,528,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after buying an additional 25,437 shares during the last quarter. World Investment Advisors LLC acquired a new position in OSI Systems in the 3rd quarter worth about $16,713,000. Franklin Resources Inc. lifted its position in shares of OSI Systems by 3.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company's stock valued at $1,429,000 after buying an additional 324 shares in the last quarter. Nordea Investment Management AB raised its position in shares of OSI Systems by 4.5% during the 4th quarter. Nordea Investment Management AB now owns 52,821 shares of the technology company's stock worth $8,915,000 after purchasing an additional 2,270 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its holdings in shares of OSI Systems by 6.0% during the fourth quarter. Oliver Luxxe Assets LLC now owns 22,689 shares of the technology company's stock valued at $3,799,000 after acquiring an additional 1,293 shares during the last quarter. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Down 1.3 %

OSIS traded down $2.69 during trading on Monday, hitting $199.00. The company had a trading volume of 76,320 shares, compared to its average volume of 184,684. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The company has a market cap of $3.34 billion, a PE ratio of 25.70, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a 1-year low of $129.18 and a 1-year high of $220.00. The business has a 50-day moving average of $192.59 and a 200-day moving average of $177.80.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of recent research reports. JPMorgan Chase & Co. started coverage on OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. Roth Mkm raised their price target on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Oppenheimer increased their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, OSI Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

Insider Activity at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.20% of the company's stock.

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.