New York State Teachers Retirement System Lowers Stake in OSI Systems, Inc. (NASDAQ:OSIS)

New York State Teachers Retirement System reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,614 shares of the technology company’s stock after selling 100 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of OSI Systems worth $2,067,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of OSIS. Victory Capital Management Inc. grew its position in OSI Systems by 713.1% during the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after purchasing an additional 85,904 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of OSI Systems in the second quarter valued at about $5,208,000. Envestnet Asset Management Inc. boosted its holdings in shares of OSI Systems by 174.6% in the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock valued at $6,927,000 after acquiring an additional 32,029 shares in the last quarter. Hood River Capital Management LLC boosted its holdings in shares of OSI Systems by 10.6% in the second quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after acquiring an additional 30,464 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of OSI Systems by 86.4% in the second quarter. Van ECK Associates Corp now owns 65,401 shares of the technology company’s stock valued at $8,994,000 after acquiring an additional 30,309 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 $66,523,062.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This 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 valued at $3,474,189 over the last 90 days. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OSIS shares. Roth Mkm lifted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley raised their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Bank of America initiated coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Stock Performance

Shares of OSIS opened at $151.21 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.53 billion, a P/E ratio of 19.74, a PEG ratio of 1.38 and a beta of 1.10. The company has a 50-day moving average of $143.37 and a two-hundred day moving average of $141.50. OSI Systems, Inc. has a 12-month low of $108.55 and a 12-month high of $158.69.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, research analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

OSI Systems 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.