Clearbridge Investments LLC Decreases Position in OSI Systems, Inc. (NASDAQ:OSIS)

Clearbridge Investments LLC lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,446 shares of the technology company’s stock after selling 1,288 shares during the quarter. Clearbridge Investments LLC’s holdings in OSI Systems were worth $55,621,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd grew its holdings in 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 during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of OSI Systems by 8.6% in the first quarter. Hillsdale Investment Management Inc. now owns 33,945 shares of the technology company’s stock valued at $4,848,000 after acquiring an additional 2,700 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of OSI Systems by 7.4% during the first quarter. ProShare Advisors LLC now owns 3,237 shares of the technology company’s stock valued at $462,000 after acquiring an additional 224 shares during the last quarter. Headlands Technologies LLC increased its position in OSI Systems by 10.2% during the 1st quarter. Headlands Technologies LLC now owns 2,294 shares of the technology company’s stock worth $328,000 after purchasing an additional 212 shares in the last quarter. Finally, Sei Investments Co. increased its position in OSI Systems by 27.2% during the 1st quarter. Sei Investments Co. now owns 7,411 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 1,587 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Trading Down 1.8 %

NASDAQ OSIS traded down $2.65 during trading hours on Wednesday, hitting $147.25. 78,238 shares of the company’s stock were exchanged, compared to its average volume of 105,724. The business’s 50 day moving average is $139.96 and its 200-day moving average is $135.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $153.41. The firm has a market capitalization of $2.51 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.09.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. During the same quarter in the prior year, the company posted $1.49 EPS. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. As a group, analysts anticipate that OSI Systems, Inc. will post 8.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Roth Mkm upped their target price on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a report on Friday, April 26th. StockNews.com downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Finally, Oppenheimer raised their target price on shares of OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th.

Insider Buying and Selling

In related news, Director Meyer/ Luskin sold 6,755 shares of OSI Systems stock in a transaction on Monday, April 29th. The stock was sold at an average price of $134.36, for a total value of $907,601.80. Following the transaction, the director now owns 20,883 shares in the company, valued at $2,805,839.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Paul Keith Morben sold 310 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the sale, the insider now directly owns 8,834 shares in the company, valued at approximately $1,175,098.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Meyer/ Luskin sold 6,755 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $134.36, for a total value of $907,601.80. Following the completion of the sale, the director now owns 20,883 shares of the company’s stock, valued at approximately $2,805,839.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,281 shares of company stock valued at $14,011,624. Insiders own 5.60% of the company’s stock.

OSI Systems 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.