New York State Teachers Retirement System Reduces Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

New York State Teachers Retirement System lowered its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,903 shares of the technology company’s stock after selling 711 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of OSI Systems worth $2,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its holdings in shares of OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC increased its stake 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 worth $92,000 after acquiring an additional 603 shares during the last quarter. KBC Group NV raised 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 valued at $117,000 after purchasing an additional 189 shares during the period. Longboard Asset Management LP purchased a new stake in OSI Systems during the fourth quarter valued at approximately $202,000. Finally, Hohimer Wealth Management LLC bought a new stake in shares of OSI Systems in the 3rd quarter valued at approximately $264,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

OSIS has been the topic of several recent research reports. JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday. They set a “neutral” rating and a $225.00 price target on the stock. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Roth Mkm raised their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Oppenheimer upped their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, B. Riley increased their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, OSI Systems currently has an average rating of “Moderate Buy” and an average price target of $212.00.

OSI Systems Stock Down 5.6 %

Shares of NASDAQ OSIS opened at $202.27 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.81 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 $220.00. The company has a 50 day simple moving average of $184.27 and a 200-day simple moving average of $162.26.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share 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%. On average, equities research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the sale, the chief executive officer now directly owns 404,323 shares in the company, valued at $75,875,254.18. This represents a 4.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the sale, the insider now directly owns 80,603 shares of the company’s stock, valued at $14,539,975.17. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,447 shares of company stock valued at $5,519,962. 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.