Thematics Asset Management Sells 6,172 Shares of OSI Systems, Inc. $OSIS

Thematics Asset Management lowered its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,411 shares of the technology company’s stock after selling 6,172 shares during the quarter. OSI Systems makes up approximately 1.2% of Thematics Asset Management’s holdings, making the stock its 26th biggest holding. Thematics Asset Management’s holdings in OSI Systems were worth $26,522,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in OSIS. Salomon & Ludwin LLC acquired a new position in OSI Systems in the third quarter valued at about $32,000. Richardson Financial Services Inc. increased its holdings in shares of OSI Systems by 58.2% during the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after buying an additional 53 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of OSI Systems by 28.6% in the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock valued at $64,000 after acquiring an additional 57 shares during the last quarter. Strs Ohio bought a new position in shares of OSI Systems in the first quarter valued at approximately $97,000. Finally, USA Financial Formulas grew its position in OSI Systems by 82.9% during the 3rd quarter. USA Financial Formulas now owns 450 shares of the technology company’s stock worth $112,000 after acquiring an additional 204 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

Insider Transactions at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the transaction, the director 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

OSI Systems Trading Down 1.7%

OSIS stock opened at $270.92 on Friday. The company has a market cap of $4.46 billion, a P/E ratio of 30.68, a PEG ratio of 2.25 and a beta of 1.32. OSI Systems, Inc. has a twelve month low of $164.07 and a twelve month high of $306.12. 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 has a fifty day moving average of $277.14 and a 200-day moving average of $261.99.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.06. The business had revenue of $464.06 million for the quarter, compared to analysts’ expectations of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.42 earnings per share. As a group, equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS 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.