OSI Systems, Inc. (NASDAQ:OSIS) Stake Lessened by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board decreased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 84.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,300 shares of the technology company’s stock after selling 12,500 shares during the quarter. Canada Pension Plan Investment Board’s holdings in OSI Systems were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OSIS. Barclays PLC raised its stake in shares of OSI Systems by 252.3% in the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock worth $5,392,000 after buying an additional 25,437 shares in the last quarter. World Investment Advisors LLC bought a new stake in OSI Systems in the third quarter worth about $16,713,000. Franklin Resources Inc. lifted its holdings in OSI Systems by 3.5% in the 3rd quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock valued at $1,429,000 after acquiring an additional 324 shares during the last quarter. Nordea Investment Management AB lifted its holdings in OSI Systems by 4.5% in the 4th quarter. Nordea Investment Management AB now owns 52,821 shares of the technology company’s stock valued at $8,915,000 after acquiring an additional 2,270 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its stake in shares of OSI Systems by 6.0% in the 4th quarter. Oliver Luxxe Assets LLC now owns 22,689 shares of the technology company’s stock worth $3,799,000 after purchasing an additional 1,293 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSIS has been the subject of several recent research reports. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Roth Mkm increased their price objective on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company decreased their target price on OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. B. Riley boosted their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Oppenheimer increased their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

OSI Systems Price Performance

OSIS opened at $201.68 on Friday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 25.96, a PEG ratio of 1.81 and a beta of 1.19. The stock has a fifty day moving average of $192.59 and a 200-day moving average of $177.38. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $220.00.

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

Insider Transactions at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems 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 $979,150. This trade represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

About OSI Systems

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.