Louisiana State Employees Retirement System Cuts Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Louisiana State Employees Retirement System lowered its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,700 shares of the technology company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in OSI Systems were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Tidal Investments LLC bought a new position in OSI Systems during the 1st quarter valued at about $921,000. Renaissance Technologies LLC lifted its position in OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after purchasing an additional 11,400 shares during the period. Victory Capital Management Inc. boosted its holdings in OSI Systems by 713.1% in the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after purchasing an additional 85,904 shares during the last quarter. Truist Financial Corp bought a new stake in OSI Systems in the 2nd quarter worth approximately $601,000. Finally, Stanley Laman Group Ltd. grew its position in OSI Systems by 22.8% in the 3rd quarter. Stanley Laman Group Ltd. now owns 25,774 shares of the technology company’s stock worth $3,913,000 after purchasing an additional 4,783 shares during the period. 89.21% of the stock is owned by institutional investors.

OSI Systems Trading Down 0.0 %

OSI Systems stock opened at $132.16 on Friday. OSI Systems, Inc. has a 12-month low of $104.51 and a 12-month high of $158.69. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.23 and a beta of 1.10. The firm has a 50 day moving average of $143.79 and a 200 day moving average of $141.27. 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 released its 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 company had revenue of $344.01 million for 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%. OSI Systems’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 EPS. As a group, research analysts predict that OSI Systems, Inc. will post 9.12 earnings per share for the current year.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of research reports. B. Riley raised their price target on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Roth Mkm raised their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Bank of America assumed coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on shares of OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Insider Activity at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $479,175.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction dated 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 transaction, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the transaction, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is owned by company insiders.

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.