OSI Systems, Inc. $OSIS Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lowered its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 13.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,299 shares of the technology company’s stock after selling 3,254 shares during the quarter. Oliver Luxxe Assets LLC owned 0.12% of OSI Systems worth $5,177,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in OSI Systems by 5.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 94,574 shares of the technology company’s stock valued at $23,572,000 after buying an additional 5,240 shares during the period. Mawer Investment Management Ltd. increased its holdings in OSI Systems by 67.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock worth $213,445,000 after purchasing an additional 343,727 shares during the period. Osaic Holdings Inc. increased its stake in shares of OSI Systems by 418.1% during the second quarter. Osaic Holdings Inc. now owns 32,688 shares of the technology company’s stock worth $7,350,000 after buying an additional 26,379 shares during the period. Boston Partners increased its position in shares of OSI Systems by 1.9% in the 2nd quarter. Boston Partners now owns 98,252 shares of the technology company’s stock valued at $21,982,000 after purchasing an additional 1,825 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in OSI Systems by 33.0% in the third quarter. First Eagle Investment Management LLC now owns 30,864 shares of the technology company’s stock valued at $7,693,000 after buying an additional 7,664 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Down 3.5%

Shares of NASDAQ:OSIS opened at $274.45 on Friday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 2.24 and a beta of 1.32. The firm’s 50-day simple moving average is $276.89 and its 200-day simple moving average is $263.77. The company has a quick ratio of 2.31, a current ratio of 3.15 and a debt-to-equity ratio of 1.18. OSI Systems, Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $306.12.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The firm had revenue of $464.06 million for the quarter, compared to the consensus estimate of $449.51 million. During the same period in the previous year, the business earned $2.42 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Activity

In related news, Director Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the transaction, the director directly owned 273,044 shares of the company’s stock, valued at $68,509,470.04. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

OSIS has been the subject of several recent analyst reports. UBS Group set a $292.00 target price on OSI Systems in a research note on Monday, December 1st. JPMorgan Chase & Co. increased their price target on shares of OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, March 11th. Roth Mkm boosted their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, B. Riley Financial upped their target price on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, OSI Systems has a consensus rating of “Buy” and an average target price of $282.00.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.