Primecap Management Co. CA reduced its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 8.9% during the second quarter, HoldingsChannel reports. The firm owned 235,600 shares of the technology company’s stock after selling 23,100 shares during the quarter. Primecap Management Co. CA’s holdings in OSI Systems were worth $26,536,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of OSIS. Marshall Wace North America L.P. acquired a new position in shares of OSI Systems during the first quarter worth $35,000. Vigilant Capital Management LLC acquired a new position in shares of OSI Systems during the second quarter worth $38,000. Advisors Preferred LLC acquired a new position in shares of OSI Systems during the second quarter worth $38,000. Acadian Asset Management LLC acquired a new position in shares of OSI Systems during the second quarter worth $61,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of OSI Systems during the second quarter worth $72,000. 98.83% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on OSIS shares. ValuEngine cut shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. B. Riley boosted their target price on shares of OSI Systems from $113.00 to $119.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Zacks Investment Research raised shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Thursday, August 29th. Finally, BidaskClub cut shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Saturday, August 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. OSI Systems has an average rating of “Buy” and a consensus price target of $112.00.
In other OSI Systems news, insider Deepak Chopra sold 35,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $106.54, for a total value of $3,728,900.00. Following the transaction, the insider now directly owns 549,530 shares of the company’s stock, valued at approximately $58,546,926.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $105.05, for a total value of $1,575,750.00. Following the completion of the transaction, the general counsel now directly owns 165,226 shares in the company, valued at $17,356,991.30. The disclosure for this sale can be found here. Insiders have sold 128,332 shares of company stock valued at $13,587,838 in the last 90 days. Insiders own 8.60% of the company’s stock.
Shares of NASDAQ:OSIS traded down $0.69 on Monday, reaching $103.54. 927 shares of the company’s stock were exchanged, compared to its average volume of 158,432. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.77 and a beta of 0.88. OSI Systems, Inc. has a fifty-two week low of $67.15 and a fifty-two week high of $117.21. The business’s 50-day moving average is $105.00 and its two-hundred day moving average is $102.53. The company has a quick ratio of 0.96, a current ratio of 1.68 and a debt-to-equity ratio of 0.47.
OSI Systems (NASDAQ:OSIS) last issued its earnings results on Monday, August 26th. The technology company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.09. The company had revenue of $308.38 million for the quarter, compared to analysts’ expectations of $304.13 million. OSI Systems had a net margin of 5.48% and a return on equity of 15.68%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 earnings per share. Analysts predict that OSI Systems, Inc. will post 4.7 earnings per share for the current fiscal year.
About OSI Systems
OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.
Further Reading: Why do analysts give a neutral rating?
Want to see what other hedge funds are holding OSIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OSI Systems, Inc. (NASDAQ:OSIS).
Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.