American Century Companies Inc. reduced its position in OSI Systems, Inc. (NASDAQ:OSIS) by 36.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,496 shares of the technology company’s stock after selling 106,117 shares during the quarter. American Century Companies Inc. owned approximately 1.03% of OSI Systems worth $14,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in OSIS. Clearline Capital LP increased its position in OSI Systems by 219.0% in the first quarter. Clearline Capital LP now owns 134,948 shares of the technology company’s stock worth $8,808,000 after buying an additional 92,648 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in OSI Systems by 39.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 201,827 shares of the technology company’s stock worth $13,173,000 after buying an additional 57,423 shares during the last quarter. Earnest Partners LLC increased its position in OSI Systems by 3.8% in the first quarter. Earnest Partners LLC now owns 1,184,310 shares of the technology company’s stock worth $77,300,000 after buying an additional 43,606 shares during the last quarter. Lapides Asset Management LLC purchased a new stake in OSI Systems in the first quarter worth $2,063,000. Finally, State of New Jersey Common Pension Fund D increased its position in OSI Systems by 8.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 402,100 shares of the technology company’s stock worth $31,095,000 after buying an additional 30,000 shares during the last quarter. 99.20% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on OSIS shares. BidaskClub lowered OSI Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Sidoti lowered OSI Systems from a “buy” rating to a “neutral” rating in a report on Thursday, June 21st. Roth Capital raised their price target on OSI Systems from $77.00 to $89.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Zacks Investment Research lowered OSI Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Finally, ValuEngine raised OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $84.38.

In other news, VP Ajay Mehra sold 14,572 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $73.54, for a total value of $1,071,624.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is owned by company insiders.

OSI Systems stock opened at $78.51 on Friday. OSI Systems, Inc. has a one year low of $50.50 and a one year high of $96.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 0.76. The firm has a market capitalization of $1.41 billion, a PE ratio of 21.75, a P/E/G ratio of 1.61 and a beta of 0.86.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, August 23rd. The technology company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.08. OSI Systems had a positive return on equity of 13.55% and a negative net margin of 2.67%. The firm had revenue of $287.33 million during the quarter, compared to analyst estimates of $274.13 million. During the same period last year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. analysts anticipate that OSI Systems, Inc. will post 3.87 EPS for the current fiscal year.

OSI Systems Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment provides baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

Read More: Book Value Of Equity Per Share – BVPS Explained

Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.