Assenagon Asset Management S.A. Sells 40,561 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Assenagon Asset Management S.A. decreased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 60.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,455 shares of the technology company’s stock after selling 40,561 shares during the quarter. Assenagon Asset Management S.A. owned 0.16% of OSI Systems worth $4,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in OSI Systems by 2.2% in the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after buying an additional 97 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in OSI Systems by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock worth $1,086,000 after buying an additional 100 shares in the last quarter. Inspire Investing LLC boosted its stake in OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock worth $416,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in OSI Systems by 5.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company’s stock worth $536,000 after buying an additional 202 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in OSI Systems by 10.2% in the first quarter. Headlands Technologies LLC now owns 2,294 shares of the technology company’s stock worth $328,000 after buying an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Price Performance

Shares of OSI Systems stock opened at $133.56 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.21 billion, a PE ratio of 17.44, a P/E/G ratio of 1.25 and a beta of 1.08. The business has a 50 day moving average of $144.76 and a 200 day moving average of $141.38. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $158.69.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. As a group, equities research analysts forecast that OSI Systems, Inc. will post 9.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OSIS shares. Bank of America started coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. Wells Fargo & Company boosted their price objective on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday. B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Roth Mkm boosted their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Insider Activity at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,107 shares of company stock worth $3,474,189 over the last quarter. 5.60% of the stock is owned by corporate insiders.

About OSI Systems

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.