Texas Permanent School Fund Corp Purchases 2,124 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Texas Permanent School Fund Corp grew its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 15.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,849 shares of the technology company’s stock after purchasing an additional 2,124 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.09% of OSI Systems worth $2,180,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of OSI Systems by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 211,571 shares of the technology company’s stock worth $27,303,000 after acquiring an additional 1,722 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in OSI Systems by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 819,671 shares of the technology company’s stock valued at $105,780,000 after buying an additional 18,298 shares during the period. Principal Financial Group Inc. boosted its position in OSI Systems by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 86,167 shares of the technology company’s stock valued at $11,120,000 after buying an additional 480 shares during the period. Brown Advisory Inc. purchased a new position in shares of OSI Systems in the fourth quarter worth about $311,000. Finally, Norges Bank bought a new stake in shares of OSI Systems in the 4th quarter valued at about $14,921,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the transaction, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now owns 459,033 shares in the company, valued at approximately $66,523,062.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. The disclosure for this sale can be found here. Insiders sold a total of 24,107 shares of company stock valued at $3,474,189 over the last three months. Corporate insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. B. Riley raised their price target on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Roth Mkm lifted their target price on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

OSI Systems Trading Down 0.4 %

OSIS opened at $144.29 on Wednesday. OSI Systems, Inc. has a one year low of $103.04 and a one year high of $158.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00. The business has a 50 day simple moving average of $144.24 and a two-hundred day simple moving average of $139.66. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.45 and a beta of 1.08.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. The company had revenue of $480.91 million during the quarter, compared to the consensus estimate of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.66 earnings per share. Analysts predict that OSI Systems, Inc. will post 8.93 EPS for the current 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.