Headlands Technologies LLC Has $109,000 Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Headlands Technologies LLC decreased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 65.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 791 shares of the technology company’s stock after selling 1,503 shares during the period. Headlands Technologies LLC’s holdings in OSI Systems were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in OSI Systems by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after buying an additional 107,383 shares in the last quarter. Janus Henderson Group PLC raised its holdings in OSI Systems by 1.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company’s stock worth $178,508,000 after purchasing an additional 19,683 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in OSI Systems by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock worth $105,780,000 after purchasing an additional 18,298 shares during the last quarter. Primecap Management Co. CA raised its holdings in OSI Systems by 2.2% during the 4th quarter. Primecap Management Co. CA now owns 285,200 shares of the technology company’s stock worth $36,805,000 after purchasing an additional 6,210 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in OSI Systems by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock worth $27,303,000 after purchasing an additional 1,722 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Activity

In other news, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was 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 of the company’s stock, valued at approximately $479,175.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

OSI Systems Stock Performance

Shares of OSIS stock opened at $145.39 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00. The stock has a market cap of $2.41 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.43 and a beta of 1.08. The stock has a 50-day moving average of $143.93 and a 200-day moving average of $139.48. OSI Systems, Inc. has a one year low of $103.04 and a one year high of $158.69.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. The company had revenue of $480.91 million during the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. OSI Systems’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.66 EPS. As a group, sell-side analysts expect that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on OSIS. B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Roth Mkm boosted their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a 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.