Supplemental Annuity Collective Trust of NJ Sells 3,000 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Supplemental Annuity Collective Trust of NJ lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 37.5% during the fourth quarter, HoldingsChannel reports. The firm owned 5,000 shares of the technology company’s stock after selling 3,000 shares during the period. Supplemental Annuity Collective Trust of NJ’s holdings in OSI Systems were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of OSIS. Parkside Financial Bank & Trust boosted its position in OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after purchasing an additional 90 shares during the period. International Assets Investment Management LLC raised 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 acquiring an additional 502 shares during the period. SG Americas Securities LLC bought a new stake in OSI Systems during the 3rd quarter valued at $118,000. Lido Advisors LLC purchased a new stake in shares of OSI Systems during the third quarter worth $216,000. Finally, MQS Management LLC purchased a new position in shares of OSI Systems in the third quarter valued at $234,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 0.5 %

OSI Systems stock traded up $0.67 during mid-day trading on Friday, hitting $134.82. The company’s stock had a trading volume of 103,502 shares, compared to its average volume of 93,558. The business has a 50 day moving average price of $135.67 and a 200-day moving average price of $127.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.43 and a quick ratio of 0.80. OSI Systems, Inc. has a 12 month low of $102.02 and a 12 month high of $144.11. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.58 and a beta of 0.98.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.11 by $0.05. The firm had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a return on equity of 17.35% and a net margin of 8.31%. The company’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 earnings per share. As a group, analysts forecast that OSI Systems, Inc. will post 8.03 EPS for the current year.

Analysts Set New Price Targets

OSIS has been the subject of several analyst reports. Roth Mkm raised their target price on OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Friday, April 19th.

Insiders Place Their Bets

In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $130.21, for a total value of $1,953,150.00. Following the completion of the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares of the company’s stock, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $6,503,650 in the last quarter. Insiders own 5.60% of the company’s stock.

OSI Systems Company 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.