Thrivent Financial for Lutherans Trims Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Thrivent Financial for Lutherans lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 16.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,451 shares of the technology company’s stock after selling 2,433 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of OSI Systems worth $1,890,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Hood River Capital Management LLC grew its holdings in shares of OSI Systems by 10.6% in the second quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after purchasing an additional 30,464 shares during the period. Bank of New York Mellon Corp increased its stake in OSI Systems by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock worth $17,540,000 after acquiring an additional 1,747 shares during the last quarter. Victory Capital Management Inc. raised its position in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after purchasing an additional 25,262 shares during the period. Van ECK Associates Corp raised its position in OSI Systems by 24.4% in the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after purchasing an additional 15,945 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake in shares of OSI Systems by 2.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 52,468 shares of the technology company’s stock valued at $7,966,000 after purchasing an additional 1,484 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OSIS. Roth Mkm boosted their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Bank of America started coverage on shares of OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company. B. Riley boosted their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com lowered OSI Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, OSI Systems presently has an average rating of “Moderate Buy” and a consensus target price of $173.00.

Insider Activity

In other news, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. This represents a 46.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at $66,523,062.36. This trade represents a 4.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is currently owned by company insiders.

OSI Systems Price Performance

Shares of OSIS opened at $174.51 on Friday. The company has a market cap of $2.92 billion, a P/E ratio of 22.78, a PEG ratio of 1.46 and a beta of 1.10. OSI Systems, Inc. has a fifty-two week low of $120.42 and a fifty-two week high of $174.65. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average price is $148.28 and its 200 day moving average price is $143.96.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same period last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, research analysts forecast that OSI Systems, Inc. will post 9.12 earnings per share for the current fiscal year.

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.