Brown Advisory Inc. trimmed its position in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 27.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 151,605 shares of the technology company’s stock after selling 58,704 shares during the period. Brown Advisory Inc. owned about 0.92% of OSI Systems worth $38,668,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in OSIS. Kestra Advisory Services LLC boosted its stake in OSI Systems by 19.5% in the fourth quarter. Kestra Advisory Services LLC now owns 1,501 shares of the technology company’s stock valued at $383,000 after acquiring an additional 245 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in OSI Systems by 5.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 14,266 shares of the technology company’s stock valued at $3,634,000 after acquiring an additional 785 shares during the last quarter. Stifel Financial Corp boosted its stake in OSI Systems by 66.3% in the fourth quarter. Stifel Financial Corp now owns 17,427 shares of the technology company’s stock valued at $4,445,000 after acquiring an additional 6,949 shares during the last quarter. First Trust Advisors LP boosted its stake in OSI Systems by 23.0% in the fourth quarter. First Trust Advisors LP now owns 57,306 shares of the technology company’s stock valued at $14,616,000 after acquiring an additional 10,700 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in OSI Systems in the fourth quarter valued at about $233,000. 89.21% of the stock is owned by institutional investors.
OSI Systems Stock Performance
Shares of OSIS stock opened at $221.68 on Tuesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of 25.31, a PEG ratio of 1.85 and a beta of 1.21. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average is $248.08 and its 200 day moving average is $264.39. OSI Systems, Inc. has a 12 month low of $197.27 and a 12 month high of $311.72.
Analysts Set New Price Targets
A number of research analysts have weighed in on OSIS shares. Roth Mkm reiterated a “buy” rating and issued a $310.00 target price on shares of OSI Systems in a research note on Tuesday, May 5th. Citigroup dropped their target price on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $294.00.
Read Our Latest Stock Report on OSIS
Insiders Place Their Bets
In related news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $281.84, for a total transaction of $5,636,800.00. Following the sale, the director owned 253,044 shares of the company’s stock, valued at approximately $71,317,920.96. This represents a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company’s stock.
About OSI Systems
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.
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