Martingale Asset Management L P Lowers Position in OSI Systems, Inc. (NASDAQ:OSIS)

Martingale Asset Management L P decreased its position in OSI Systems, Inc. (NASDAQ:OSIS) by 10.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,210 shares of the technology company’s stock after selling 1,794 shares during the quarter. Martingale Asset Management L P owned approximately 0.09% of OSI Systems worth $2,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in OSI Systems during the 2nd quarter valued at about $40,000. Innealta Capital LLC bought a new stake in shares of OSI Systems in the 2nd quarter worth approximately $82,000. International Assets Investment Management LLC increased its position in OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after buying an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in OSI Systems during the second quarter valued at $160,000. Finally, nVerses Capital LLC bought a new stake in OSI Systems in the third quarter worth $182,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analyst Ratings Changes

OSIS has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Bank of America initiated coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. Roth Mkm increased their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company 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 report on Saturday. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.00.

Insider Activity at OSI Systems

In other news, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction dated 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 directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The trade was a 9.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. The trade was a 46.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,107 shares of company stock worth $6,071,809. 5.20% of the stock is owned by company insiders.

OSI Systems Price Performance

Shares of OSIS opened at $177.40 on Friday. The firm has a fifty day simple moving average of $148.92 and a two-hundred day simple moving average of $144.28. The firm has a market cap of $2.96 billion, a PE ratio of 23.16, a P/E/G ratio of 1.51 and a beta of 1.10. 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 $177.56.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. On average, equities analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current 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.