Wedge Capital Management L L P NC Trims Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Wedge Capital Management L L P NC lowered its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 19.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,347 shares of the technology company’s stock after selling 7,329 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.18% of OSI Systems worth $4,173,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in OSI Systems in the 4th quarter valued at $14,921,000. Vanguard Group Inc. boosted its position in OSI Systems by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after buying an additional 107,383 shares during the last quarter. SG Capital Management LLC boosted its position in OSI Systems by 2,952.6% in the 4th quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock valued at $9,797,000 after buying an additional 73,432 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in OSI Systems by 1,193.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock valued at $4,149,000 after buying an additional 26,806 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in OSI Systems by 271.1% in the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock valued at $5,012,000 after buying an additional 25,636 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Roth Mkm increased their price target on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. StockNews.com cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Finally, Oppenheimer increased their price target 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, insider Manoocher M. Aliabadi sold 2,567 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $143.58, for a total value of $368,569.86. Following the completion of the transaction, the insider now owns 81,473 shares of the company’s stock, valued at approximately $11,697,893.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Manoocher M. Aliabadi sold 2,567 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $143.58, for a total value of $368,569.86. Following the completion of the transaction, the insider now owns 81,473 shares of the company’s stock, valued at approximately $11,697,893.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan I. Edrick sold 30,386 shares of OSI Systems stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.75, for a total transaction of $4,367,987.50. Following the sale, the chief financial officer now directly owns 310,529 shares of the company’s stock, valued at approximately $44,638,543.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,541 shares of company stock valued at $7,382,349. Company insiders own 5.60% of the company’s stock.

OSI Systems Price Performance

NASDAQ:OSIS traded up $6.56 during trading hours on Thursday, reaching $145.58. 118,397 shares of the company’s stock were exchanged, compared to its average volume of 105,918. The company has a market capitalization of $2.48 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09. OSI Systems, Inc. has a 12 month low of $103.04 and a 12 month high of $153.41. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16. The business’s 50-day simple moving average is $140.61 and its two-hundred day simple moving average is $137.51.

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.