Raymond James & Associates Sells 476 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Raymond James & Associates lessened its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,479 shares of the technology company’s stock after selling 476 shares during the period. Raymond James & Associates owned about 0.07% of OSI Systems worth $1,579,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OSIS. Norges Bank bought a new stake in OSI Systems in the 4th quarter valued at about $14,921,000. Vanguard Group Inc. increased its position in OSI Systems by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after purchasing an additional 107,383 shares in the last quarter. SG Capital Management LLC increased its position in OSI Systems by 2,952.6% during the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock worth $9,797,000 after purchasing an additional 73,432 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in OSI Systems by 1,193.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock worth $4,149,000 after purchasing an additional 26,806 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in OSI Systems by 271.1% during the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock worth $5,012,000 after purchasing an additional 25,636 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 0.2 %

NASDAQ:OSIS opened at $142.00 on Thursday. The firm’s fifty day moving average is $143.48 and its 200-day moving average is $138.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $158.69. The firm has a market cap of $2.35 billion, a P/E ratio of 19.53, a P/E/G ratio of 1.53 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. The firm had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $2.66 earnings per share. Equities analysts expect that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on OSIS shares. Roth Mkm upped their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley upped their price target on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

Insider Buying and Selling

In other OSI Systems news, insider Shalabh Chandra sold 676 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $139.50, for a total transaction of $94,302.00. Following the completion of the transaction, the insider now owns 8,192 shares in the company, valued at $1,142,784. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

OSI Systems Company Profile

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.