American Century Companies Inc. Sells 1,353 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

American Century Companies Inc. cut its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 7.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,807 shares of the technology company’s stock after selling 1,353 shares during the period. American Century Companies Inc. owned 0.10% of OSI Systems worth $2,311,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. West Paces Advisors Inc. purchased a new stake in OSI Systems in the 1st quarter valued at $28,000. Quest Partners LLC purchased a new stake in shares of OSI Systems in the 2nd quarter valued at about $40,000. Cape Investment Advisory Inc. purchased a new stake in shares of OSI Systems in the 1st quarter valued at about $63,000. Covestor Ltd raised its holdings in shares of OSI Systems by 48,000.0% during the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after buying an additional 480 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in OSI Systems during the 2nd quarter worth approximately $82,000. 89.21% of the stock is currently owned by institutional investors.

Insider Activity

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 stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Gerald M. Chizever sold 3,000 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The disclosure for this sale can be found here. Insiders sold 24,107 shares of company stock valued at $3,474,189 in the last ninety days. Insiders own 5.60% of the company’s stock.

OSI Systems Stock Performance

NASDAQ OSIS opened at $145.39 on Friday. The stock has a market capitalization of $2.41 billion, a PE ratio of 20.00, a P/E/G ratio of 1.50 and a beta of 1.08. The business has a 50 day simple moving average of $144.30 and a two-hundred day simple moving average of $140.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00. OSI Systems, Inc. has a 1-year low of $103.04 and a 1-year high of $158.69.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.05. The business 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%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.66 EPS. On average, research analysts predict that OSI Systems, Inc. will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OSIS. Wells Fargo & Company initiated coverage on OSI Systems in a research report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price objective on the stock. Roth Mkm boosted their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, B. Riley upped their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus price target of $172.00.

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.