Mutual of America Capital Management LLC Lowers Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Mutual of America Capital Management LLC lowered its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 7.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,385 shares of the technology company’s stock after selling 194 shares during the period. Mutual of America Capital Management LLC’s holdings in OSI Systems were worth $362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of OSIS. Quest Partners LLC purchased a new position in OSI Systems during the second quarter valued at approximately $40,000. Cape Investment Advisory Inc. acquired a new position in shares of OSI Systems in the 1st quarter valued at $63,000. Innealta Capital LLC purchased a new stake in OSI Systems during the second quarter worth $82,000. International Assets Investment Management LLC grew its position in 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 period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in OSI Systems in the second quarter valued at $160,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insiders Place Their Bets

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 value of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. This trade represents a 9.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares in the company, valued at approximately $65,099,634.66. This represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock valued at $6,071,809 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Roth Mkm raised their price objective on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley increased 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. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Finally, Bank of America assumed coverage on shares of OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.00.

OSI Systems Stock Up 2.4 %

NASDAQ OSIS opened at $174.51 on Thursday. The business has a fifty day moving average price of $147.73 and a 200 day moving average price of $143.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The company has a market cap of $2.92 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.46 and a beta of 1.10. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $174.65.

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

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.