Maryland State Retirement & Pension System Has $876,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

Maryland State Retirement & Pension System lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,234 shares of the technology company’s stock after selling 120 shares during the quarter. Maryland State Retirement & Pension System’s holdings in OSI Systems were worth $876,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after acquiring an additional 6,514 shares during the period. Park Avenue Securities LLC grew its position in OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after buying an additional 1,660 shares in the last quarter. HighTower Advisors LLC bought a new position in OSI Systems during the third quarter valued at about $443,000. Citigroup Inc. raised its holdings in OSI Systems by 64.9% in the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock valued at $4,148,000 after acquiring an additional 10,753 shares in the last quarter. Finally, FMR LLC lifted its position in shares of OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Oppenheimer boosted their price objective on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Roth Mkm increased their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price on the stock. B. Riley increased their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company lifted their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus target price of $212.00.

Insider Activity

In other news, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $979,150. This trade represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Price Performance

NASDAQ:OSIS opened at $193.78 on Monday. The firm has a market cap of $3.26 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company’s 50-day moving average price is $192.85 and its two-hundred day moving average price is $169.20. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, equities analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.