Wasatch Advisors LP Has $9.42 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Wasatch Advisors LP lowered its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 65,977 shares of the technology company’s stock after selling 803 shares during the period. Wasatch Advisors LP owned approximately 0.39% of OSI Systems worth $9,423,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in OSIS. West Paces Advisors Inc. acquired a new position in shares of OSI Systems during the first quarter valued at about $28,000. Quest Partners LLC acquired a new position in OSI Systems in the fourth quarter worth about $53,000. International Assets Investment Management LLC raised its position in OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after purchasing an additional 502 shares in the last quarter. Natixis Investment Managers International raised its position in OSI Systems by 27.9% in the fourth quarter. Natixis Investment Managers International now owns 999 shares of the technology company’s stock worth $129,000 after purchasing an additional 218 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in OSI Systems in the third quarter worth about $216,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Activity

In other news, Director William Francis Ballhaus, Jr. sold 675 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total transaction of $90,436.50. Following the sale, the director now directly owns 25,907 shares of the company’s stock, valued at $3,471,019.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director William Francis Ballhaus, Jr. sold 675 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total value of $90,436.50. Following the transaction, the director now directly owns 25,907 shares in the company, valued at $3,471,019.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Keith Morben sold 310 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total transaction of $41,236.20. Following the completion of the transaction, the insider now owns 8,834 shares in the company, valued at $1,175,098.68. The disclosure for this sale can be found here. Insiders have sold 99,281 shares of company stock valued at $14,011,624 over the last three months. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OSIS. StockNews.com lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Roth Mkm increased their price target on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer increased their price target on shares of OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th.

OSI Systems Price Performance

OSI Systems stock traded up $0.28 during trading hours on Tuesday, hitting $137.16. 84,560 shares of the stock were exchanged, compared to its average volume of 96,956. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47. The stock has a market capitalization of $2.34 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.55 and a beta of 1.09. OSI Systems, Inc. has a 12 month low of $103.04 and a 12 month high of $145.24. The business’s 50-day moving average is $137.55 and its two-hundred day moving average is $134.26.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The firm had revenue of $405.41 million for the quarter, compared to analysts’ expectations of $401.99 million. During the same period in the prior year, the firm earned $1.49 earnings per share. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. Equities research analysts expect that OSI Systems, Inc. will post 8.09 EPS for the current fiscal year.

About OSI Systems

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.