Algert Global LLC Has $389,000 Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Algert Global LLC lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 75.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,831 shares of the technology company’s stock after selling 8,834 shares during the period. Algert Global LLC’s holdings in OSI Systems were worth $389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wakefield Asset Management LLLP purchased a new stake in shares of OSI Systems during the 1st quarter worth $959,000. Allspring Global Investments Holdings LLC boosted its stake in shares of OSI Systems by 1,193.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock worth $4,149,000 after acquiring an additional 26,806 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of OSI Systems by 271.1% during the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock worth $5,012,000 after buying an additional 25,636 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of OSI Systems during the first quarter worth about $921,000. Finally, Renaissance Technologies LLC boosted its position in OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after acquiring an additional 11,400 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Stock Up 0.2 %

Shares of NASDAQ:OSIS opened at $145.73 on Tuesday. The company has a 50 day moving average price of $144.18 and a two-hundred day moving average price of $140.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $158.69. The company has a market capitalization of $2.41 billion, a PE ratio of 20.05, a PEG ratio of 1.39 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The firm had revenue of $480.91 million during the quarter, compared to analyst estimates of $467.24 million. During the same quarter in the prior year, the firm earned $2.66 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts forecast that OSI Systems, Inc. will post 8.98 earnings per share for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on OSIS shares. B. Riley raised their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company assumed coverage on OSI Systems in a research note on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price target for the company. Roth Mkm boosted their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.60.

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.