Barclays PLC Trims Position in OSI Systems, Inc. (NASDAQ:OSIS)

Barclays PLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 94.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 35,813 shares of the technology company’s stock after selling 581,903 shares during the period. Barclays PLC’s holdings in OSI Systems were worth $3,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Usca Ria LLC purchased a new position in shares of OSI Systems during the 3rd quarter worth $29,000. Advisors Preferred LLC purchased a new position in shares of OSI Systems during the 2nd quarter worth $38,000. Flagship Harbor Advisors LLC raised its holdings in OSI Systems by 267.8% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 331 shares of the technology company’s stock valued at $33,000 after buying an additional 241 shares during the period. Marshall Wace North America L.P. purchased a new stake in OSI Systems in the 1st quarter valued at about $35,000. Finally, Tower Research Capital LLC TRC purchased a new stake in OSI Systems in the 3rd quarter valued at about $44,000. Institutional investors and hedge funds own 96.97% of the company’s stock.

Several brokerages recently issued reports on OSIS. B. Riley set a $119.00 price objective on shares of OSI Systems and gave the company a “buy” rating in a report on Monday, October 21st. Zacks Investment Research upgraded shares of OSI Systems from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Thursday, August 29th. ValuEngine lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, BidaskClub lowered shares of OSI Systems from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $112.00.

Shares of OSIS opened at $99.49 on Monday. The firm has a market cap of $1.84 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.70 and a beta of 0.82. OSI Systems, Inc. has a 12-month low of $68.58 and a 12-month high of $117.21. The company’s 50-day moving average price is $98.07 and its 200 day moving average price is $105.15. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $290.90 million for the quarter, compared to analyst estimates of $281.26 million. OSI Systems had a net margin of 6.31% and a return on equity of 15.64%. OSI Systems’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 EPS. Equities research analysts forecast that OSI Systems, Inc. will post 4.72 earnings per share for the current year.

In other OSI Systems news, EVP Ajay Mehra sold 10,701 shares of OSI Systems stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $106.52, for a total value of $1,139,870.52. Following the completion of the transaction, the executive vice president now directly owns 113,958 shares of the company’s stock, valued at approximately $12,138,806.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Deborah Lee Cegielski sold 268 shares of OSI Systems stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.69, for a total value of $25,912.92. Following the completion of the transaction, the senior vice president now directly owns 2,711 shares of the company’s stock, valued at $262,126.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,175 shares of company stock worth $10,363,436. 6.80% of the stock is owned by insiders.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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