UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,541 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,557 shares of the technology company’s stock after selling 13,541 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in OSI Systems were worth $54,440,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OSIS. Price T Rowe Associates Inc. MD increased its holdings in shares of OSI Systems by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,392 shares of the technology company’s stock valued at $2,485,000 after purchasing an additional 697 shares during the last quarter. Tidal Investments LLC acquired a new position in OSI Systems in the 1st quarter valued at about $921,000. First Hawaiian Bank bought a new position in OSI Systems in the 2nd quarter valued at about $389,000. Contravisory Investment Management Inc. acquired a new stake in OSI Systems during the second quarter worth approximately $212,000. Finally, Register Financial Advisors LLC boosted its holdings in shares of OSI Systems by 26.2% during the second quarter. Register Financial Advisors LLC now owns 3,975 shares of the technology company’s stock worth $547,000 after acquiring an additional 825 shares during the period. Institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The trade was a 46.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares of the company’s stock, valued at approximately $65,099,634.66. This represents a 3.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock worth $6,071,809 over the last three months. Insiders own 5.20% of the company’s stock.

OSI Systems Stock Up 0.2 %

OSIS stock opened at $180.09 on Wednesday. OSI Systems, Inc. has a 52 week low of $120.42 and a 52 week high of $182.10. The business has a 50-day simple moving average of $150.26 and a 200 day simple moving average of $144.90. 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 company has a market cap of $3.01 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 EPS. Sell-side analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

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.