Bridgewater Associates LP Has $518,000 Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Bridgewater Associates LP cut its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 78.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,412 shares of the technology company’s stock after selling 12,353 shares during the quarter. Bridgewater Associates LP’s holdings in OSI Systems were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tidal Investments LLC bought a new position in OSI Systems during the first quarter worth $921,000. Renaissance Technologies LLC increased its position in OSI Systems by 79.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock valued at $3,532,000 after buying an additional 11,400 shares in the last quarter. Victory Capital Management Inc. raised its stake in OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after buying an additional 25,262 shares during the period. GHP Investment Advisors Inc. boosted its holdings in OSI Systems by 71.2% in the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock worth $4,080,000 after acquiring an additional 11,173 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in OSI Systems by 24.4% in the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after acquiring an additional 15,945 shares during the period. 89.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at OSI Systems

In other news, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares of the company’s stock, valued at $65,099,634.66. This represents a 3.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction dated Friday, September 13th. The stock was 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 approximately $1,461,568.08. This trade represents a 9.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 over the last three months. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $179.71 on Tuesday. The company has a market capitalization of $3.00 billion, a PE ratio of 23.46, a PEG ratio of 1.53 and a beta of 1.10. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $149.59 and its 200-day moving average price is $144.61. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $180.23.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 23.2% on a year-over-year basis. On average, equities analysts anticipate that OSI Systems, Inc. will post 9.12 EPS 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.