Teacher Retirement System of Texas Sells 14,844 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Teacher Retirement System of Texas decreased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 59.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,986 shares of the technology company’s stock after selling 14,844 shares during the quarter. Teacher Retirement System of Texas’ holdings in OSI Systems were worth $1,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. grew its position in 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 acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in OSI Systems by 243.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after buying an additional 195 shares during the period. KBC Group NV lifted its holdings in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after buying an additional 189 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in OSI Systems by 36.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after buying an additional 207 shares during the period. Finally, Global Retirement Partners LLC grew its stake in OSI Systems by 80.1% in the 4th quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock worth $144,000 after acquiring an additional 383 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Price Performance

Shares of OSIS stock opened at $199.11 on Friday. The stock’s 50-day moving average is $196.10 and its 200 day moving average is $170.50. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $220.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The company has a market cap of $3.34 billion, a P/E ratio of 25.63, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the company’s 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 transaction, the insider now owns 10,077 shares in the company, 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.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OSIS shares. Roth Mkm boosted their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. Oppenheimer upped 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. B. Riley raised their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus target price of $212.00.

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.