New York State Common Retirement Fund Cuts Stake in OSI Systems, Inc. (NASDAQ:OSIS)

New York State Common Retirement Fund cut its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,094 shares of the technology company’s stock after selling 700 shares during the period. New York State Common Retirement Fund’s holdings in OSI Systems were worth $3,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Richardson Financial Services Inc. raised its position in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC increased its holdings in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares during the last quarter. KBC Group NV increased its holdings in OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after acquiring an additional 189 shares during the last quarter. Longboard Asset Management LP purchased a new stake in OSI Systems in the 4th quarter worth $202,000. Finally, Hohimer Wealth Management LLC bought a new position in shares of OSI Systems during the 3rd quarter valued at about $264,000. 89.21% of the stock is currently owned by institutional investors.

Insider Transactions at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $188.42, for a total value of $443,540.68. Following the transaction, the chief financial officer now directly owns 312,444 shares in the company, valued at $58,870,698.48. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Keith Morben sold 155 shares of OSI Systems 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,447 shares of company stock worth $5,519,962. 5.20% of the stock is currently owned by company insiders.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $206.21 on Friday. The firm has a market capitalization of $3.46 billion, a PE ratio of 26.54, a PEG ratio of 1.81 and a beta of 1.19. The stock’s fifty day moving average is $186.62 and its 200 day moving average is $164.48. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. On average, sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on OSIS. Roth Mkm boosted their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price for the company. Oppenheimer boosted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, B. Riley increased their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

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.