Rhumbline Advisers Reduces Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Rhumbline Advisers decreased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 0.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,589 shares of the technology company’s stock after selling 116 shares during the quarter. Rhumbline Advisers owned about 0.27% of OSI Systems worth $6,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSIS. West Paces Advisors Inc. purchased a new position in shares of OSI Systems during the 1st quarter worth approximately $28,000. Global Retirement Partners LLC increased its stake in shares of OSI Systems by 1,021.1% during the first quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after acquiring an additional 194 shares during the period. Quest Partners LLC acquired a new position in shares of OSI Systems during the fourth quarter worth about $53,000. Cape Investment Advisory Inc. purchased a new stake in OSI Systems during the first quarter worth about $63,000. Finally, Covestor Ltd boosted its holdings in OSI Systems by 48,000.0% during the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after buying an additional 480 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Trading Up 2.4 %

OSI Systems stock opened at $145.39 on Friday. The firm’s 50-day moving average is $143.93 and its 200-day moving average is $139.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $158.69. The company has a market cap of $2.41 billion, a P/E ratio of 20.00, a PEG ratio of 1.43 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The firm had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. During the same quarter last year, the company earned $2.66 EPS. OSI Systems’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts expect that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In other OSI Systems 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 sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,461,568.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares in the company, valued at approximately $479,175.42. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on OSIS. Roth Mkm boosted their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley increased their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd.

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.