3,623 OSI Systems, Inc. $OSIS Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 46.6% during the third quarter, Holdings Channel.com reports. The fund owned 4,156 shares of the technology company’s stock after selling 3,623 shares during the period. Park Avenue Securities LLC’s holdings in OSI Systems were worth $808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Group One Trading LLC acquired a new position in OSI Systems in the 1st quarter valued at $27,000. Transamerica Financial Advisors LLC acquired a new stake in shares of OSI Systems during the 2nd quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of OSI Systems during the 2nd quarter worth $35,000. IFP Advisors Inc grew its holdings in shares of OSI Systems by 201.9% during the 3rd quarter. IFP Advisors Inc now owns 163 shares of the technology company’s stock worth $32,000 after purchasing an additional 109 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of OSI Systems in the second quarter worth $39,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on OSIS. Oppenheimer dropped their price target on OSI Systems from $300.00 to $265.00 and set an “outperform” rating for the company in a research note on Thursday, October 8th. B. Riley Financial reiterated a “buy” rating and set a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research note on Friday, August 21st. Roth Capital reiterated a “buy” rating and set a $274.00 price objective on shares of OSI Systems in a research note on Friday, August 21st. Bank of America decreased their target price on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of OSI Systems in a research report on Wednesday, October 28th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $276.71.

OSI Systems Stock Up 1.0%

NASDAQ OSIS opened at $200.95 on Wednesday. The business has a fifty day moving average price of $199.91 and a two-hundred day moving average price of $236.93. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.05. OSI Systems, Inc. has a fifty-two week low of $186.50 and a fifty-two week high of $311.72. The stock has a market capitalization of $3.16 billion, a PE ratio of 21.54, a PEG ratio of 1.49 and a beta of 1.26.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 29th. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.01. OSI Systems had a return on equity of 21.57% and a net margin of 8.79%. The firm had revenue of $403.47 million for the quarter, compared to the consensus estimate of $396.11 million. During the same quarter last year, the business posted $1.42 EPS. The company’s revenue was up .0% compared to the same quarter last year. Equities analysts expect that OSI Systems, Inc. will post 11.42 earnings per share for the current fiscal year.

About OSI Systems

OSI Systems, Inc is a vertically integrated technology company that designs and manufactures specialized electronic systems and components for security, healthcare and aerospace and defense applications. Headquartered in Hawthorne, California, the company serves government agencies, transportation authorities, hospitals and commercial customers in the United States and international markets.

Through its security division, OSI Systems provides inspection and screening systems used at airports, borders, ports and other facilities.