Lombard Odier Asset Management USA Corp trimmed its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 58.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,603 shares of the technology company’s stock after selling 5,174 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in OSI Systems were worth $957,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in OSI Systems by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 410,963 shares of the technology company’s stock worth $104,836,000 after purchasing an additional 16,692 shares during the period. UBS Group AG raised its holdings in shares of OSI Systems by 63.8% in the 3rd 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 in the last quarter. Clark Capital Management Group Inc. lifted its position in shares of OSI Systems by 2.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 266,114 shares of the technology company’s stock worth $67,875,000 after buying an additional 6,663 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in OSI Systems by 4.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 255,062 shares of the technology company’s stock valued at $65,057,000 after buying an additional 10,144 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in OSI Systems by 10.5% in the fourth quarter. Van ECK Associates Corp now owns 227,095 shares of the technology company’s stock valued at $57,923,000 after acquiring an additional 21,589 shares during the period. Institutional investors own 89.21% of the company’s stock.
OSI Systems Stock Performance
Shares of NASDAQ:OSIS opened at $216.70 on Friday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 24.74, a P/E/G ratio of 1.62 and a beta of 1.20. OSI Systems, Inc. has a 1-year low of $197.27 and a 1-year high of $311.72. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $216.22 and a two-hundred day moving average price of $254.47.
Insider Buying and Selling
In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 4th. The shares were sold at an average price of $281.84, for a total transaction of $5,636,800.00. Following the completion of the sale, the director owned 253,044 shares of the company’s stock, valued at approximately $71,317,920.96. The trade was a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Weiss Ratings downgraded OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Bank of America cut their price objective on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Roth Capital restated a “buy” rating and issued a $310.00 target price on shares of OSI Systems in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $291.86.
Read Our Latest Report on OSI Systems
OSI Systems Company Profile
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.
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