Clearbridge Investments LLC Has $58.40 Million Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Clearbridge Investments LLC lowered its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 5.8% in the fourth quarter, Holdings Channel reports. The firm owned 348,821 shares of the technology company’s stock after selling 21,339 shares during the period. Clearbridge Investments LLC’s holdings in OSI Systems were worth $58,403,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OSIS. Richardson Financial Services Inc. grew its holdings in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. Smartleaf Asset Management LLC grew its stake in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after acquiring an additional 195 shares during the period. CIBC Private Wealth Group LLC grew its stake in OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after acquiring an additional 483 shares during the period. KBC Group NV increased its holdings in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of OSI Systems by 36.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after purchasing an additional 207 shares during the period. Institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $979,150. This represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

OSIS has been the subject of several research analyst reports. StockNews.com lowered OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target for the company. B. Riley increased 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. Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Stock Performance

Shares of OSIS opened at $194.34 on Tuesday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00. The firm has a fifty day simple moving average of $197.19 and a 200 day simple moving average of $171.70. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate 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 forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.