OSI Systems, Inc. (NASDAQ:OSIS) Stock Holdings Lowered by Primecap Management Co. CA

Primecap Management Co. CA lowered its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.3% in the 2nd quarter, Holdings Channel reports. The fund owned 280,620 shares of the technology company’s stock after selling 12,480 shares during the period. Primecap Management Co. CA’s holdings in OSI Systems were worth $38,591,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. West Paces Advisors Inc. bought a new position in shares of OSI Systems during the first quarter worth about $28,000. Quest Partners LLC bought a new position in shares of OSI Systems during the second quarter worth about $40,000. Cape Investment Advisory Inc. bought a new position in shares of OSI Systems during the first quarter worth about $63,000. Covestor Ltd grew its position in shares of OSI Systems by 48,000.0% during the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after acquiring an additional 480 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in shares of OSI Systems during the second quarter worth about $82,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS opened at $144.29 on Wednesday. The firm has a 50-day moving average price of $144.24 and a 200 day moving average price of $139.66. The firm has a market capitalization of $2.39 billion, a PE ratio of 19.85, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.15. OSI Systems, Inc. has a 52-week low of $103.04 and a 52-week high of $158.69.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The company had revenue of $480.91 million during the quarter, compared to the consensus estimate of $467.24 million. During the same period in the prior year, the company earned $2.66 EPS. OSI Systems’s revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts anticipate that OSI Systems, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The disclosure for this sale can be found here. In the last three months, insiders sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OSIS shares. Roth Mkm upped their price target on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. B. Riley increased their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd.

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.