Assenagon Asset Management S.A. Lowers Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Assenagon Asset Management S.A. decreased its position in OSI Systems, Inc. (NASDAQ:OSIS) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,294 shares of the technology company’s stock after selling 9,161 shares during the period. Assenagon Asset Management S.A. owned 0.10% of OSI Systems worth $2,896,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the period. nVerses Capital LLC purchased a new stake in shares of OSI Systems in the third quarter valued at approximately $182,000. EverSource Wealth Advisors LLC boosted its holdings in shares of OSI Systems by 235.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,331 shares of the technology company’s stock valued at $197,000 after purchasing an additional 934 shares during the period. Hohimer Wealth Management LLC purchased a new stake in shares of OSI Systems in the third quarter valued at approximately $264,000. Finally, Magnetar Financial LLC purchased a new stake in shares of OSI Systems in the second quarter valued at approximately $277,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OSIS. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Bank of America began coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and an average target price of $179.00.

OSI Systems Stock Performance

Shares of OSIS stock opened at $172.73 on Wednesday. The business’s fifty day simple moving average is $169.45 and its 200-day simple moving average is $152.88. The company has a market cap of $2.89 billion, a PE ratio of 22.55, a PEG ratio of 1.42 and a beta of 1.19. 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, Inc. has a 12-month low of $126.57 and a 12-month high of $189.13.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Analysts expect that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Insider Transactions at OSI Systems

In other news, Director Gerald M. Chizever sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the sale, the director now directly owns 7,701 shares of the company’s stock, valued at $1,140,980.16. The trade was a 20.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total transaction of $311,713.92. Following the sale, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,591 shares of company stock valued at $7,557,745. Corporate insiders own 5.20% of the company’s stock.

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.