Louisiana State Employees Retirement System lowered its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,200 shares of the technology company’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in OSI Systems were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in OSI Systems by 74.2% in the second quarter. State of Alaska Department of Revenue now owns 3,501 shares of the technology company’s stock worth $263,000 after buying an additional 1,491 shares during the last quarter. Goldman Sachs Group Inc. raised its position in OSI Systems by 57.4% in the first quarter. Goldman Sachs Group Inc. now owns 557,023 shares of the technology company’s stock worth $40,657,000 after buying an additional 203,144 shares during the last quarter. Gotham Asset Management LLC purchased a new position in OSI Systems during the first quarter worth $537,000. State Street Corp raised its position in OSI Systems by 4.7% in the first quarter. State Street Corp now owns 409,568 shares of the technology company’s stock worth $29,894,000 after buying an additional 18,314 shares during the last quarter. Finally, Bank of America Corp DE raised its position in OSI Systems by 26.2% in the first quarter. Bank of America Corp DE now owns 160,326 shares of the technology company’s stock worth $11,702,000 after buying an additional 33,273 shares during the last quarter.

Shares of OSI Systems, Inc. (NASDAQ OSIS) traded up 1.47% during mid-day trading on Thursday, reaching $80.77. 28,006 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $77.52 and its 200-day moving average price is $75.75. OSI Systems, Inc. has a 12-month low of $60.53 and a 12-month high of $82.26. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 62.18 and a beta of 0.79.

TRADEMARK VIOLATION NOTICE: “OSI Systems, Inc. (NASDAQ:OSIS) Position Lowered by Louisiana State Employees Retirement System” was published by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/08/10/osi-systems-inc-nasdaqosis-position-lowered-by-louisiana-state-employees-retirement-system.html.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of OSI Systems in a research report on Wednesday. Zacks Investment Research lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Sidoti assumed coverage on shares of OSI Systems in a research report on Wednesday, May 24th. They issued a “buy” rating and a $99.00 price objective on the stock. Finally, B. Riley reaffirmed a “buy” rating and issued a $87.00 price objective on shares of OSI Systems in a research report on Saturday, April 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $87.50.

About OSI Systems

OSI Systems, Inc, through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace.

Want to see what other hedge funds are holding OSIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OSI Systems, Inc. (NASDAQ:OSIS).

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

Receive News & Ratings for OSI Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.