Boston Partners Sells 1,055 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Boston Partners trimmed its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 0.5% in the 1st quarter, HoldingsChannel reports. The fund owned 193,554 shares of the technology company’s stock after selling 1,055 shares during the quarter. Boston Partners’ holdings in OSI Systems were worth $27,308,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in OSI Systems by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after buying an additional 178 shares during the last quarter. Global Retirement Partners LLC grew its stake in OSI Systems by 1,021.1% during the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock worth $30,000 after buying an additional 194 shares during the last quarter. Bridge City Capital LLC grew its stake in OSI Systems by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock worth $3,516,000 after buying an additional 194 shares during the last quarter. West Paces Advisors Inc. purchased a new position in OSI Systems during the 1st quarter worth $28,000. Finally, QRG Capital Management Inc. grew its stake in OSI Systems by 8.1% during the 4th quarter. QRG Capital Management Inc. now owns 2,727 shares of the technology company’s stock worth $352,000 after buying an additional 204 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OSIS has been the topic of several research analyst reports. StockNews.com downgraded OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Roth Mkm boosted their price target on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer boosted their price target on OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, April 29th.

OSI Systems Stock Performance

OSI Systems stock traded down $5.32 during trading hours on Friday, hitting $139.36. 93,538 shares of the stock traded hands, compared to its average volume of 163,887. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. The firm’s 50 day moving average price is $140.96 and its 200-day moving average price is $137.00. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 1.52 and a beta of 1.09. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $153.41.

Insider Buying and Selling at OSI Systems

In other news, Director William Francis Ballhaus, Jr. sold 675 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $133.98, for a total value of $90,436.50. Following the completion of the transaction, the director now owns 25,907 shares of the company’s stock, valued at approximately $3,471,019.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Deepak Chopra sold 40,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total value of $5,590,000.00. Following the completion of the transaction, the chief executive officer now owns 428,615 shares of the company’s stock, valued at approximately $59,898,946.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William Francis Ballhaus, Jr. sold 675 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total value of $90,436.50. Following the completion of the transaction, the director now directly owns 25,907 shares of the company’s stock, valued at approximately $3,471,019.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,216 shares of company stock worth $13,062,786. 5.60% of the stock is currently owned by insiders.

OSI Systems Company 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.