SG Capital Management LLC Sells 40,179 Shares of OSI Systems, Inc. $OSIS

SG Capital Management LLC trimmed its position in OSI Systems, Inc. (NASDAQ:OSIS) by 74.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,764 shares of the technology company’s stock after selling 40,179 shares during the quarter. SG Capital Management LLC’s holdings in OSI Systems were worth $3,431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Mawer Investment Management Ltd. grew its holdings in OSI Systems by 67.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after buying an additional 343,727 shares in the last quarter. Invesco Ltd. boosted its position in shares of OSI Systems by 29.6% during the 2nd quarter. Invesco Ltd. now owns 319,258 shares of the technology company’s stock valued at $71,788,000 after acquiring an additional 73,004 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of OSI Systems in the second quarter valued at $13,576,000. JPMorgan Chase & Co. increased its position in OSI Systems by 267.3% in the second quarter. JPMorgan Chase & Co. now owns 54,438 shares of the technology company’s stock worth $12,241,000 after purchasing an additional 39,616 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its position in OSI Systems by 34.7% in the second quarter. Loomis Sayles & Co. L P now owns 129,311 shares of the technology company’s stock worth $29,077,000 after purchasing an additional 33,320 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the transaction, the director directly owned 273,044 shares of the company’s stock, valued at approximately $68,509,470.04. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of recent research reports. Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, February 5th. B. Riley Financial lifted their price target on OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. upped their price objective on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. UBS Group set a $292.00 target price on OSI Systems in a report on Monday, December 1st. Finally, Roth Mkm increased their price target on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $282.00.

OSI Systems Stock Performance

OSIS stock opened at $273.97 on Thursday. The company has a quick ratio of 2.31, a current ratio of 3.15 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $270.40 and its two-hundred day simple moving average is $255.39. OSI Systems, Inc. has a twelve month low of $153.40 and a twelve month high of $294.93. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 2.16 and a beta of 1.35.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. The firm had revenue of $464.06 million during the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.42 earnings per share. Analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.