OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,014 shares of the technology company’s stock after selling 100 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of OSI Systems worth $1,809,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of OSI Systems by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company’s stock worth $234,958,000 after purchasing an additional 49,634 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of OSI Systems by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 809,069 shares of the technology company’s stock worth $68,868,000 after purchasing an additional 5,950 shares in the last quarter. State Street Corp lifted its position in shares of OSI Systems by 1.2% during the first quarter. State Street Corp now owns 667,090 shares of the technology company’s stock worth $68,283,000 after purchasing an additional 7,591 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of OSI Systems by 7,525.3% during the first quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock worth $332,000 after purchasing an additional 443,389 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of OSI Systems by 15.1% during the first quarter. JPMorgan Chase & Co. now owns 407,770 shares of the technology company’s stock worth $41,739,000 after purchasing an additional 53,343 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Price Performance

Shares of NASDAQ:OSIS opened at $137.31 on Wednesday. The firm’s 50 day moving average price is $135.40 and its 200 day moving average price is $126.50. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98. OSI Systems, Inc. has a fifty-two week low of $99.11 and a fifty-two week high of $144.11. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.74 by $0.47. The company had revenue of $373.20 million for the quarter, compared to analyst estimates of $364.29 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The firm’s revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.19 earnings per share. As a group, equities research analysts predict that OSI Systems, Inc. will post 8.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on OSIS shares. StockNews.com raised shares of OSI Systems from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. Roth Mkm raised their target price on shares of OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a report on Friday, January 26th.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the transaction, the general counsel now owns 78,116 shares in the company, valued at $10,250,381.52. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $6,503,650 over the last three months. Insiders own 5.60% 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.