Victory Capital Management Inc. Trims Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Victory Capital Management Inc. reduced its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,936 shares of the technology company’s stock after selling 13,277 shares during the period. Victory Capital Management Inc. owned approximately 0.65% of OSI Systems worth $18,407,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OSIS. Richardson Financial Services Inc. lifted its stake in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares in the last quarter. KBC Group NV lifted its holdings in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after buying an additional 189 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in OSI Systems by 36.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after buying an additional 207 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock worth $144,000 after acquiring an additional 383 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Roth Mkm boosted their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price on the stock. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Finally, Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and an average price target of $212.00.

OSI Systems Stock Performance

Shares of OSIS stock opened at $180.49 on Wednesday. The stock’s 50-day moving average is $188.42 and its two-hundred day moving average is $166.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a 1 year low of $126.57 and a 1 year high of $220.00. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.81 and a beta of 1.20.

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

Insider Buying and Selling at OSI Systems

In related news, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction 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 in the company, valued at $14,058,481.88. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the transaction, the chief executive officer now owns 404,323 shares of the company’s stock, valued at approximately $75,875,254.18. The trade was a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,719 shares of company stock valued at $5,208,248 in the last ninety 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.