OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,309 shares of the technology company’s stock after selling 624 shares during the quarter. AQR Capital Management LLC’s holdings in OSI Systems were worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of OSI Systems by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock valued at $503,000 after acquiring an additional 178 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in OSI Systems during the first quarter worth about $259,000. Bridge City Capital LLC raised its position in OSI Systems by 0.8% during the first quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock worth $3,516,000 after acquiring an additional 194 shares during the last quarter. Finally, West Paces Advisors Inc. acquired a new position in OSI Systems during the first quarter worth about $28,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’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 transaction of $2,898,400.00. Following the completion of the transaction, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the 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 sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of OSI Systems in a research report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price objective for the company. 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 report on Friday, August 23rd. B. Riley increased their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $172.60.

OSI Systems Price Performance

Shares of OSIS opened at $146.48 on Friday. OSI Systems, Inc. has a twelve month low of $103.04 and a twelve month high of $158.69. The firm has a market cap of $2.50 billion, a PE ratio of 20.15, a PEG ratio of 1.39 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The firm’s 50 day moving average price is $144.10 and its 200 day moving average price is $141.12.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. The business 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%. OSI Systems’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.66 earnings per share. As a group, research analysts expect that OSI Systems, Inc. will post 8.98 EPS for the current fiscal year.

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.