Amalgamated Bank Has $711,000 Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Amalgamated Bank cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,682 shares of the technology company’s stock after selling 125 shares during the quarter. Amalgamated Bank’s holdings in OSI Systems were worth $711,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of OSI Systems during the 2nd quarter worth $40,000. Cape Investment Advisory Inc. acquired a new stake in OSI Systems in the first quarter valued at approximately $63,000. Covestor Ltd grew its stake in OSI Systems by 48,000.0% in the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after acquiring an additional 480 shares during the period. Innealta Capital LLC acquired a new stake in OSI Systems in the second quarter valued at approximately $82,000. Finally, International Assets Investment Management LLC boosted its position in shares of OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after buying an additional 603 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. This represents a 4.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,461,568.08. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock valued at $6,071,809 over the last ninety days. 5.20% of the stock is currently owned by insiders.

OSI Systems Trading Down 0.8 %

OSIS opened at $150.70 on Friday. OSI Systems, Inc. has a 12 month low of $115.33 and a 12 month high of $158.69. The stock has a 50-day moving average of $144.10 and a 200 day moving average of $141.93. The firm has a market cap of $2.52 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.42 and a beta of 1.10. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The firm had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. OSI Systems’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, research analysts forecast that OSI Systems, Inc. will post 9.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on OSIS shares. Wells Fargo & Company boosted their price objective on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Roth Mkm upped their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America began coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 target price for the company. Finally, B. Riley increased their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and an average price target of $173.00.

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.