Skylands Capital LLC Sells 5,479 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Skylands Capital LLC reduced its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,220 shares of the technology company’s stock after selling 5,479 shares during the quarter. Skylands Capital LLC’s holdings in OSI Systems were worth $3,553,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of OSI Systems during the third quarter valued at $16,713,000. Swedbank AB bought a new stake in OSI Systems during the fourth quarter valued at $8,372,000. Edgestream Partners L.P. acquired a new position in shares of OSI Systems in the 3rd quarter valued at about $5,061,000. Finally, Systematic Financial Management LP increased its holdings in OSI Systems by 13.4% in the third quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company’s stock worth $40,135,000 after purchasing an additional 31,269 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Trading Down 5.6 %

Shares of OSIS stock opened at $202.27 on Monday. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The company has a 50-day simple moving average of $184.27 and a two-hundred day simple moving average of $162.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.81 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following the transaction, the insider now directly owns 78,094 shares in the company, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,447 shares of company stock worth $5,519,962 over the last quarter. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. B. Riley raised their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research note on Friday. They issued a “neutral” rating and a $225.00 price objective for the company. Oppenheimer upped their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Finally, Wells Fargo & Company upped their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $212.00.

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.