OSI Systems, Inc. $OSIS Shares Sold by Skylands Capital LLC

Skylands Capital LLC lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 85.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,650 shares of the technology company’s stock after selling 9,600 shares during the quarter. Skylands Capital LLC’s holdings in OSI Systems were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bessemer Group Inc. boosted its stake in shares of OSI Systems by 78.7% during the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after buying an additional 59 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in OSI Systems in the third quarter valued at approximately $32,000. Richardson Financial Services Inc. grew its stake in OSI Systems by 58.2% in the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock valued at $36,000 after acquiring an additional 53 shares during the period. Nisa Investment Advisors LLC increased its holdings 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 worth $64,000 after acquiring an additional 57 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of OSI Systems by 45.1% during the second quarter. Assetmark Inc. now owns 415 shares of the technology company’s stock worth $93,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

OSIS has been the topic of a number of analyst reports. UBS Group set a $292.00 price target on OSI Systems in a research report on Monday, December 1st. Weiss Ratings raised OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, February 5th. Bank of America increased their price objective on OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. B. Riley Financial upped their price target on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Finally, Roth Mkm increased their price target on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, OSI Systems presently has a consensus rating of “Buy” and a consensus price target of $282.00.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $267.20 on Thursday. The firm’s 50-day moving average is $270.03 and its 200 day moving average is $253.80. OSI Systems, Inc. has a 1 year low of $153.40 and a 1 year high of $294.93. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.24 and a beta of 1.35.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.06. The company had revenue of $464.06 million during the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.42 EPS. Sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 EPS 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 firm’s stock in a transaction that occurred 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 owned 273,044 shares in the company, valued at approximately $68,509,470.04. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.30% of the stock is currently owned by insiders.

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.