OSI Systems, Inc. $OSIS Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC decreased its position in OSI Systems, Inc. (NASDAQ:OSIS) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,299 shares of the technology company’s stock after selling 3,254 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in OSI Systems were worth $5,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSIS. Mawer Investment Management Ltd. boosted its stake in shares of OSI Systems by 67.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock worth $213,445,000 after purchasing an additional 343,727 shares during the last quarter. Geode Capital Management LLC boosted its position in OSI Systems by 0.6% during the second quarter. Geode Capital Management LLC now owns 381,128 shares of the technology company’s stock worth $85,711,000 after acquiring an additional 2,419 shares during the last quarter. Hood River Capital Management LLC grew its stake in OSI Systems by 1.0% in the 2nd quarter. Hood River Capital Management LLC now owns 377,061 shares of the technology company’s stock worth $84,786,000 after acquiring an additional 3,903 shares during the period. Invesco Ltd. grew its position in shares of OSI Systems by 29.6% in the second quarter. Invesco Ltd. now owns 319,258 shares of the technology company’s stock valued at $71,788,000 after purchasing an additional 73,004 shares during the period. Finally, UBS Group AG lifted its position in OSI Systems by 63.8% during the third quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock worth $78,843,000 after buying an additional 123,212 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Stock Performance

Shares of OSIS stock opened at $274.45 on Friday. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.24 and a beta of 1.32. OSI Systems, Inc. has a one year low of $164.07 and a one year high of $306.12. The company’s 50-day simple moving average is $276.89 and its 200-day simple moving average is $263.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15.

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

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the sale, the director directly owned 273,044 shares of the company’s stock, valued at approximately $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

OSIS has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. upped their price target on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. B. Riley Financial increased their price target on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 30th. Roth Mkm lifted their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, UBS Group set a $292.00 target price on OSI Systems in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, OSI Systems presently has an average rating of “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.