Edgestream Partners L.P. Cuts Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Edgestream Partners L.P. reduced its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 70.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,006 shares of the technology company’s stock after selling 23,325 shares during the quarter. Edgestream Partners L.P. owned 0.06% of OSI Systems worth $1,675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OSIS. FMR LLC raised its stake in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after acquiring an additional 631,486 shares during the period. World Investment Advisors LLC bought a new stake in OSI Systems in the 3rd quarter valued at about $16,713,000. Swedbank AB bought a new stake in OSI Systems in the 4th quarter valued at about $8,372,000. Systematic Financial Management LP raised its stake in OSI Systems by 13.4% in the 3rd quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company’s stock valued at $40,135,000 after acquiring an additional 31,269 shares during the period. Finally, Janus Henderson Group PLC raised its stake in OSI Systems by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock valued at $183,589,000 after acquiring an additional 29,858 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Roth Mkm boosted their price objective on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Oppenheimer upped their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. started coverage on OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. Finally, StockNews.com cut OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. One equities research 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 MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Stock Down 1.2 %

OSIS stock opened at $180.52 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $188.16 and its 200 day moving average is $166.56. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $220.00.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping 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%. Sell-side analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Buying and Selling

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the sale, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,719 shares of company stock worth $5,208,248. Insiders own 5.20% 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.