Thematics Asset Management trimmed its holdings in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 9.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 112,583 shares of the technology company’s stock after selling 12,223 shares during the quarter. OSI Systems makes up approximately 1.1% of Thematics Asset Management’s holdings, making the stock its 29th biggest holding. Thematics Asset Management’s holdings in OSI Systems were worth $25,315,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OSIS. Bessemer Group Inc. lifted its stake in shares of OSI Systems by 78.7% in the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after purchasing an additional 59 shares during the last quarter. Park Avenue Securities LLC raised its holdings in OSI Systems by 1.0% in the 2nd quarter. Park Avenue Securities LLC now owns 6,787 shares of the technology company’s stock valued at $1,526,000 after buying an additional 65 shares during the period. Yousif Capital Management LLC lifted its position in OSI Systems by 1.3% in the second quarter. Yousif Capital Management LLC now owns 5,827 shares of the technology company’s stock valued at $1,310,000 after buying an additional 77 shares during the last quarter. National Bank of Canada FI boosted its stake in OSI Systems by 118.2% during the first quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock worth $28,000 after buying an additional 78 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of OSI Systems by 7.0% during the first quarter. Ashton Thomas Private Wealth LLC now owns 1,483 shares of the technology company’s stock valued at $288,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.
OSI Systems Stock Performance
Shares of OSI Systems stock opened at $266.00 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 0.46. OSI Systems, Inc. has a 52 week low of $150.84 and a 52 week high of $292.34. The firm’s 50 day moving average is $259.51 and its two-hundred day moving average is $238.01. The firm has a market capitalization of $4.52 billion, a P/E ratio of 30.12, a P/E/G ratio of 2.21 and a beta of 1.35.
Insider Buying and Selling at OSI Systems
In other OSI Systems news, Director James B. Hawkins sold 1,500 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $283.15, for a total transaction of $424,725.00. Following the transaction, the director owned 5,036 shares of the company’s stock, valued at approximately $1,425,943.40. This trade represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $285.74, for a total value of $5,714,800.00. Following the sale, the chairman owned 292,969 shares in the company, valued at $83,712,962.06. This trade represents a 6.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 41,916 shares of company stock worth $11,171,631 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.
Analysts Set New Price Targets
OSIS has been the topic of several recent analyst reports. Roth Capital upped their price objective on shares of OSI Systems from $280.00 to $292.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Oppenheimer upped their price target on OSI Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of OSI Systems in a report on Wednesday, October 8th. UBS Group set a $292.00 price target on shares of OSI Systems in a research note on Monday, December 1st. Finally, Bank of America boosted their price objective on OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and an average target price of $268.63.
Check Out Our Latest Stock Analysis on OSI Systems
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.
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