Neumeier Poma Investment Counsel LLC Reduces Stock Holdings in OSI Systems, Inc. $OSIS

Neumeier Poma Investment Counsel LLC cut its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,565 shares of the technology company’s stock after selling 2,897 shares during the period. OSI Systems comprises approximately 4.0% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 4th biggest holding. Neumeier Poma Investment Counsel LLC owned about 1.15% of OSI Systems worth $48,493,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Salomon & Ludwin LLC bought a new position in OSI Systems in the 3rd quarter valued at $32,000. Bessemer Group Inc. raised its stake in shares of OSI Systems by 78.7% during the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after purchasing an additional 59 shares during the period. Richardson Financial Services Inc. raised its stake in shares of OSI Systems by 58.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after purchasing an additional 53 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of OSI Systems by 28.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock worth $64,000 after buying an additional 57 shares during the last quarter. Finally, Assetmark Inc. grew its position in OSI Systems by 45.1% during the second quarter. Assetmark Inc. now owns 415 shares of the technology company’s stock valued at $93,000 after buying an additional 129 shares during the period. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Down 0.9%

OSI Systems stock opened at $295.26 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. OSI Systems, Inc. has a fifty-two week low of $153.40 and a fifty-two week high of $306.12. The stock has a market cap of $4.86 billion, a P/E ratio of 33.44, a PEG ratio of 2.43 and a beta of 1.35. The firm’s fifty day moving average price is $273.46 and its 200-day moving average price is $257.87.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.52 by $0.06. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The business had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. During the same period in the previous year, the business earned $2.42 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

OSIS has been the topic of several research reports. UBS Group set a $292.00 price objective on shares of OSI Systems in a research report on Monday, December 1st. B. Riley Financial raised their price target on shares of OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Bank of America lifted their price target on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Roth Mkm raised their target price on OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Weiss Ratings lowered OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, February 20th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $282.00.

Insider Activity at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the sale, the director owned 273,044 shares in the company, valued at approximately $68,509,470.04. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by insiders.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.