State of Alaska Department of Revenue Reduces Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

State of Alaska Department of Revenue reduced its position in OSI Systems, Inc. (NASDAQ:OSIS) by 1.8% in the 3rd quarter, Holdings Channel reports. The firm owned 9,049 shares of the technology company’s stock after selling 166 shares during the quarter. State of Alaska Department of Revenue’s holdings in OSI Systems were worth $1,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of OSI Systems by 713.1% in the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after buying an additional 85,904 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in OSI Systems in the 2nd quarter valued at about $5,208,000. Envestnet Asset Management Inc. lifted its stake in OSI Systems by 174.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock worth $6,927,000 after purchasing an additional 32,029 shares in the last quarter. Hood River Capital Management LLC lifted its stake in OSI Systems by 10.6% in the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock worth $43,565,000 after purchasing 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% during the 2nd quarter. Van ECK Associates Corp now owns 65,401 shares of the technology company’s stock worth $8,994,000 after purchasing an additional 30,309 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Activity at OSI Systems

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. B. Riley lifted their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Roth Mkm lifted their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company upped their price objective on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Bank of America started coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

OSI Systems Stock Down 0.0 %

Shares of OSIS opened at $132.16 on Monday. The firm has a market cap of $2.21 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. OSI Systems, Inc. has a 12-month low of $104.51 and a 12-month high of $158.69. The company’s 50-day moving average price is $143.79 and its 200 day moving average price is $141.32. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The business 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 business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. On average, sell-side analysts forecast that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

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.