OSI Systems, Inc. (NASDAQ:OSIS) Holdings Cut by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 348,821 shares of the technology company’s stock after selling 21,339 shares during the quarter. Clearbridge Investments LLC owned about 2.08% of OSI Systems worth $58,403,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its position 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 buying an additional 29,858 shares in the last quarter. State Street Corp lifted its stake in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after buying an additional 6,514 shares in the last quarter. FMR LLC lifted its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted its position in shares of OSI Systems by 1.5% in the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after buying an additional 5,718 shares during the period. Finally, Mawer Investment Management Ltd. purchased a new position in OSI Systems during the 4th quarter valued at about $63,171,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OSIS has been the topic of several research analyst reports. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Wells Fargo & Company boosted their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Roth Mkm increased their price objective on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, B. Riley boosted their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Stock Performance

OSIS opened at $194.34 on Tuesday. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00. The firm has a market capitalization of $3.26 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The stock’s 50 day moving average price is $197.19 and its two-hundred day moving average price is $171.70. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping 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%. On average, equities analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

About OSI Systems

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.