3,623 OSI Systems, Inc. $OSIS Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 46.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,156 shares of the technology company’s stock after selling 3,623 shares during the quarter. Park Avenue Securities LLC’s holdings in OSI Systems were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of OSIS. Transamerica Financial Advisors LLC bought a new position in shares of OSI Systems in the second quarter valued at about $26,000. Group One Trading LLC bought a new stake in shares of OSI Systems during the 1st quarter worth about $27,000. IFP Advisors Inc boosted its holdings in shares of OSI Systems by 201.9% during the 3rd quarter. IFP Advisors Inc now owns 163 shares of the technology company’s stock worth $32,000 after buying an additional 109 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of OSI Systems during the 2nd quarter worth about $35,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in OSI Systems in the 2nd quarter valued at about $39,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Roth Capital reissued a “buy” rating and issued a $274.00 price target on shares of OSI Systems in a report on Friday, August 21st. B. Riley Financial restated a “buy” rating and set a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research report on Friday, August 21st. Bank of America reduced their price objective on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of OSI Systems in a research report on Wednesday, October 28th. Finally, Oppenheimer lowered their target price on OSI Systems from $300.00 to $265.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $276.71.

OSI Systems Stock Up 1.0%

OSIS opened at $200.95 on Wednesday. The stock has a fifty day moving average of $199.91 and a 200-day moving average of $236.93. The company has a market capitalization of $3.16 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.49 and a beta of 1.26. OSI Systems, Inc. has a fifty-two week low of $186.50 and a fifty-two week high of $311.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.05 and a current ratio of 2.89.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, October 29th. The technology company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.65 by $0.01. OSI Systems had a net margin of 8.79% and a return on equity of 21.57%. The business had revenue of $403.47 million for the quarter, compared to the consensus estimate of $396.11 million. During the same period in the prior year, the company posted $1.42 earnings per share. OSI Systems’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that OSI Systems, Inc. will post 11.42 EPS for the current year.

OSI Systems Company Profile

OSI Systems, Inc is a vertically integrated technology company that designs and manufactures specialized electronic systems and components for security, healthcare and aerospace and defense applications. Headquartered in Hawthorne, California, the company serves government agencies, transportation authorities, hospitals and commercial customers in the United States and international markets.

Through its security division, OSI Systems provides inspection and screening systems used at airports, borders, ports and other facilities.