OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 20.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,220 shares of the technology company’s stock after selling 5,479 shares during the quarter. Skylands Capital LLC owned about 0.13% of OSI Systems worth $3,553,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OSIS. Richardson Financial Services Inc. boosted its stake in OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 603 shares during the last quarter. KBC Group NV grew its stake in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after buying an additional 189 shares during the period. Global Retirement Partners LLC raised its position in shares of OSI Systems by 80.1% in the 4th quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock worth $144,000 after buying an additional 383 shares during the period. Finally, Longboard Asset Management LP acquired a new position in OSI Systems in the fourth quarter valued at $202,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Transactions at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 2,354 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the transaction, the chief financial officer now directly owns 312,444 shares of the company’s stock, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $180.02, for a total transaction of $451,670.18. Following the sale, the insider now directly owns 78,094 shares of the company’s stock, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,447 shares of company stock valued at $5,519,962 in the last three months. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on OSI Systems in a report on Friday. They set a “neutral” rating and a $225.00 target price for the company. Oppenheimer upped 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. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Roth Mkm boosted their price target on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Stock Down 5.6 %

OSIS stock opened at $202.27 on Monday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.81 and a beta of 1.19. The company’s 50 day simple moving average is $184.27 and its 200-day simple moving average is $162.43. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, equities research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

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.