UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $54.44 Million Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 owned 2.15% of OSI Systems worth $54,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in shares of OSI Systems in the 1st quarter valued at $921,000. Renaissance Technologies LLC lifted its holdings in OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after acquiring an additional 11,400 shares in the last quarter. Victory Capital Management Inc. grew its stake in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after acquiring an additional 25,262 shares during the period. GHP Investment Advisors Inc. increased its holdings in shares of OSI Systems by 71.2% in the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company’s stock worth $4,080,000 after acquiring an additional 11,173 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of OSI Systems by 24.4% during the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock worth $11,563,000 after purchasing an additional 15,945 shares during the period. Institutional investors own 89.21% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Deepak Chopra sold 15,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the transaction, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the transaction, the insider now owns 10,077 shares in the company, valued at approximately $1,461,568.08. The trade was a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock valued at $6,071,809 in the last 90 days. 5.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

OSI Systems Stock Up 0.2 %

OSI Systems stock opened at $180.09 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a 1-year low of $120.42 and a 1-year high of $182.10. The company has a fifty day simple moving average of $150.26 and a 200 day simple moving average of $144.90. The company has a market cap of $3.01 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18.

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

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.