OSI Systems, Inc. (OSIS) Shares Sold by Eqis Capital Management Inc.

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Eqis Capital Management Inc. cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 29.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,709 shares of the technology company’s stock after selling 1,520 shares during the quarter. Eqis Capital Management Inc.’s holdings in OSI Systems were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,741,981 shares of the technology company’s stock worth $132,931,000 after purchasing an additional 25,797 shares during the period. Vanguard Group Inc grew its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 1,741,981 shares of the technology company’s stock worth $132,931,000 after purchasing an additional 25,797 shares during the period. Earnest Partners LLC grew its holdings in shares of OSI Systems by 0.4% during the 3rd quarter. Earnest Partners LLC now owns 1,194,483 shares of the technology company’s stock worth $91,151,000 after purchasing an additional 5,187 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of OSI Systems by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,078,042 shares of the technology company’s stock worth $82,265,000 after purchasing an additional 10,432 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of OSI Systems by 9.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 252,502 shares of the technology company’s stock worth $19,268,000 after purchasing an additional 20,806 shares during the period. Institutional investors and hedge funds own 98.65% of the company’s stock.

OSIS opened at $89.14 on Monday. OSI Systems, Inc. has a 12-month low of $50.50 and a 12-month high of $90.33. The company has a current ratio of 1.45, a quick ratio of 0.70 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.61 billion, a P/E ratio of 24.69, a PEG ratio of 1.77 and a beta of 1.15.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.23. The company had revenue of $303.21 million for the quarter, compared to analyst estimates of $287.18 million. OSI Systems had a return on equity of 14.93% and a net margin of 3.22%. OSI Systems’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Equities analysts forecast that OSI Systems, Inc. will post 4.02 earnings per share for the current year.

Several equities analysts recently issued reports on OSIS shares. BidaskClub raised OSI Systems from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised OSI Systems from a “hold” rating to a “strong-buy” rating and set a $99.00 target price on the stock in a research note on Tuesday, January 29th. TheStreet raised OSI Systems from a “c” rating to a “b” rating in a research note on Friday, January 25th. Roth Capital increased their target price on OSI Systems from $89.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, B. Riley increased their target price on OSI Systems to $98.00 and gave the stock a “buy” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $96.00.

In other OSI Systems news, Director Steven C. Good sold 3,000 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $69.16, for a total value of $207,480.00. Following the sale, the director now owns 19,339 shares of the company’s stock, valued at approximately $1,337,485.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven C. Good sold 3,500 shares of the stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $87.00, for a total value of $304,500.00. Following the completion of the sale, the director now directly owns 15,839 shares in the company, valued at approximately $1,377,993. The disclosure for this sale can be found here. Insiders sold a total of 58,978 shares of company stock worth $4,306,387 in the last ninety days. 8.60% of the stock is owned by corporate insiders.

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About OSI Systems

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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