Vestcor Inc Sells 1,189 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Vestcor Inc trimmed its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 58.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 830 shares of the technology company’s stock after selling 1,189 shares during the period. Vestcor Inc’s holdings in OSI Systems were worth $161,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State of Wyoming increased its position in shares of OSI Systems by 1.9% in the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock worth $452,000 after purchasing an additional 51 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 61 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after purchasing an additional 74 shares during the last quarter. Hohimer Wealth Management LLC increased its position in shares of OSI Systems by 4.2% in the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company’s stock worth $374,000 after purchasing an additional 77 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of OSI Systems by 2.8% in the fourth quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company’s stock worth $701,000 after purchasing an additional 112 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Glenn Grindstaff sold 688 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the sale, the insider owned 8,354 shares of the company’s stock, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total value of $237,150.00. Following the sale, the director directly owned 11,214 shares of the company’s stock, valued at approximately $2,659,400.10. This trade represents a 8.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,438 shares of company stock worth $5,143,534. 5.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

OSIS has been the topic of several research analyst reports. B. Riley restated a “buy” rating and issued a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Wells Fargo & Company cut their target price on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Oppenheimer upped their target price on OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Wall Street Zen raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, Roth Mkm upped their target price on OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $228.33.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $221.69 on Tuesday. The firm has a market cap of $3.72 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.86 and a beta of 1.31. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $241.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 2.11. The business has a 50 day moving average price of $222.38 and a 200-day moving average price of $208.36.

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.