Thematics Asset Management Sells 39,000 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Thematics Asset Management reduced its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 20.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,000 shares of the technology company's stock after selling 39,000 shares during the period. OSI Systems accounts for about 1.1% of Thematics Asset Management's portfolio, making the stock its 29th largest holding. Thematics Asset Management owned about 0.88% of OSI Systems worth $24,780,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of OSI Systems in the fourth quarter valued at about $25,000. Richardson Financial Services Inc. grew its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of OSI Systems by 241.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after purchasing an additional 483 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after buying an additional 189 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on OSIS shares. Roth Mkm upped their price target on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, B. Riley lifted their target price on OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $213.33.

OSI Systems Stock Performance

NASDAQ OSIS traded down $0.60 on Friday, reaching $201.71. The stock had a trading volume of 47,677 shares, compared to its average volume of 184,757. The firm has a fifty day moving average of $192.89 and a two-hundred day moving average of $177.00. The company has a market cap of $3.39 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $220.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

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

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

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.