Quantbot Technologies LP Sells 5,098 Shares of OSI Systems, Inc. $OSIS

Quantbot Technologies LP lessened its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 49.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,155 shares of the technology company’s stock after selling 5,098 shares during the quarter. Quantbot Technologies LP’s holdings in OSI Systems were worth $1,285,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Richardson Financial Services Inc. grew its position in shares of OSI Systems by 58.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after purchasing an additional 53 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of OSI Systems by 28.6% in the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock valued at $64,000 after buying an additional 57 shares during the period. Bessemer Group Inc. grew its position in OSI Systems by 78.7% during the second quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after buying an additional 59 shares in the last quarter. Arizona State Retirement System increased its stake in OSI Systems by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 4,711 shares of the technology company’s stock worth $1,174,000 after acquiring an additional 71 shares during the period. Finally, California State Teachers Retirement System raised its holdings in OSI Systems by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 15,795 shares of the technology company’s stock valued at $3,552,000 after acquiring an additional 77 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

OSI Systems Stock Down 5.0%

Shares of NASDAQ:OSIS opened at $274.03 on Friday. OSI Systems, Inc. has a 52-week low of $153.40 and a 52-week high of $306.12. The company has a market capitalization of $4.51 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.36 and a beta of 1.32. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The company has a fifty day moving average of $275.43 and a 200-day moving average of $259.89.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.06. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The company had revenue of $464.06 million for the quarter, compared to the consensus estimate of $449.51 million. During the same quarter last year, the business posted $2.42 EPS. OSI Systems’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the transaction, the director owned 273,044 shares of the company’s stock, valued at $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Roth Mkm increased their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Weiss Ratings lowered shares of OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, February 20th. UBS Group set a $292.00 price target on shares of OSI Systems in a report on Monday, December 1st. Finally, B. Riley Financial lifted their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $282.00.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.