Louisiana State Employees Retirement System Has $1.26 Million Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Louisiana State Employees Retirement System decreased its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the technology company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in OSI Systems were worth $1,256,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Richardson Financial Services Inc. increased its holdings in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in OSI Systems by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock worth $501,000 after purchasing an additional 106 shares during the period. US Bancorp DE boosted its position in OSI Systems by 4.8% during the third quarter. US Bancorp DE now owns 2,418 shares of the technology company’s stock worth $367,000 after purchasing an additional 111 shares during the period. KBC Group NV boosted its position in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the period. Finally, Truvestments Capital LLC boosted its position in shares of OSI Systems by 11.1% in the third quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock valued at $328,000 after acquiring an additional 216 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Performance

OSIS opened at $211.67 on Monday. The business has a fifty day simple moving average of $181.45 and a 200 day simple moving average of $160.00. The company has a market capitalization of $3.56 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a 1 year low of $126.57 and a 1 year high of $212.00.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

OSIS has been the subject of several research reports. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Roth Mkm upped their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Oppenheimer increased their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their target price on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, B. Riley raised their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $209.40.

Insider Activity at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the transaction, the chief financial officer now directly owns 312,444 shares in the company, valued at approximately $58,870,698.48. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the transaction, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,447 shares of company stock valued at $5,519,962 over the last 90 days. Insiders own 5.20% of the company’s stock.

OSI Systems Company 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.