Clearbridge Investments LLC Sells 1,288 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Clearbridge Investments LLC cut its position in OSI Systems, Inc. (NASDAQ:OSIS) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 389,446 shares of the technology company’s stock after selling 1,288 shares during the period. Clearbridge Investments LLC owned about 2.28% of OSI Systems worth $55,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. West Paces Advisors Inc. bought a new stake in OSI Systems during the first quarter valued at about $28,000. Global Retirement Partners LLC raised its stake in OSI Systems by 1,021.1% during the 1st quarter. Global Retirement Partners LLC now owns 213 shares of the technology company’s stock valued at $30,000 after purchasing an additional 194 shares during the period. Quest Partners LLC purchased a new position in OSI Systems in the 4th quarter worth approximately $53,000. Covestor Ltd boosted its stake in OSI Systems by 48,000.0% in the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after purchasing an additional 480 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after buying an additional 502 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Price Performance

OSIS traded down $2.65 during trading hours on Wednesday, hitting $147.25. The company’s stock had a trading volume of 78,238 shares, compared to its average volume of 105,724. OSI Systems, Inc. has a 12 month low of $103.04 and a 12 month high of $153.41. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $139.96 and its 200-day moving average price is $135.82. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.56 and a beta of 1.09.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The firm had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. During the same period in the previous year, the firm posted $1.49 EPS. The business’s quarterly revenue was up 33.8% on a year-over-year basis. Sell-side analysts expect that OSI Systems, Inc. will post 8.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Roth Mkm increased their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, StockNews.com cut OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 310 shares of OSI Systems stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the transaction, the insider now owns 8,834 shares in the company, valued at approximately $1,175,098.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other OSI Systems news, insider Shalabh Chandra sold 676 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $139.50, for a total value of $94,302.00. Following the completion of the sale, the insider now directly owns 8,192 shares of the company’s stock, valued at approximately $1,142,784. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 310 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the completion of the transaction, the insider now directly owns 8,834 shares in the company, valued at approximately $1,175,098.68. The disclosure for this sale can be found here. Insiders have sold a total of 99,281 shares of company stock worth $14,011,624 over the last ninety days. Company insiders own 5.60% of the company’s stock.

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.