Oliver Luxxe Assets LLC Sells 9,095 Shares of OSI Systems, Inc. $OSIS

Oliver Luxxe Assets LLC reduced its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 56.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,088 shares of the technology company’s stock after selling 9,095 shares during the period. Oliver Luxxe Assets LLC’s holdings in OSI Systems were worth $1,550,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Harbor Investment Advisory LLC bought a new stake in shares of OSI Systems in the second quarter worth $68,000. Glenmede Trust Co. NA raised its position in OSI Systems by 8.1% during the 1st quarter. Glenmede Trust Co. NA now owns 3,350 shares of the technology company’s stock worth $889,000 after purchasing an additional 252 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in OSI Systems during the 1st quarter worth $12,720,000. Argent Capital Management LLC acquired a new position in OSI Systems during the 1st quarter worth about $5,278,000. Finally, BankChampaign National Association bought a new stake in shares of OSI Systems in the 1st quarter valued at about $245,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS opened at $236.23 on Monday. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $3.89 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The firm’s fifty day simple moving average is $218.37 and its two-hundred day simple moving average is $250.41. OSI Systems, Inc. has a 12 month low of $197.27 and a 12 month high of $311.72.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Roth Capital reissued a “buy” rating and issued a $310.00 price target on shares of OSI Systems in a research note on Tuesday, May 5th. Weiss Ratings cut OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Bank of America decreased their target price on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Citigroup lowered their price target on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $291.86.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.