OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,903 shares of the technology company’s stock after selling 711 shares during the quarter. New York State Teachers Retirement System’s holdings in OSI Systems were worth $2,160,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Richardson Financial Services Inc. grew its position in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in OSI Systems by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock valued at $501,000 after purchasing an additional 106 shares during the last quarter. US Bancorp DE raised its stake in shares of OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after purchasing an additional 111 shares in the last quarter. KBC Group NV increased its holdings in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after buying an additional 189 shares during the last quarter. Finally, Truvestments Capital LLC increased its stake in shares of OSI Systems by 11.1% during the 3rd quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock worth $328,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

OSIS stock opened at $202.27 on Friday. The company has a market cap of $3.40 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $220.00. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The business’s fifty day moving average is $184.27 and its 200-day moving average is $162.26.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OSIS. B. Riley boosted their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Roth Mkm raised their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research note on Friday. They issued a “neutral” rating and a $225.00 price objective for the company. Finally, StockNews.com lowered OSI Systems from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

Insider Buying and Selling at OSI Systems

In other news, CFO Alan I. Edrick sold 2,354 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the transaction, the chief financial officer now owns 312,444 shares in the company, valued at $58,870,698.48. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now owns 10,077 shares of the company’s stock, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,447 shares of company stock valued at $5,519,962 in the last 90 days. 5.20% of the stock is currently owned by company 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.