OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Swiss National Bank

Swiss National Bank cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 31,000 shares of the technology company’s stock after selling 700 shares during the period. Swiss National Bank’s holdings in OSI Systems were worth $5,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Richardson Financial Services Inc. boosted its holdings in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Truvestments Capital LLC boosted its stake in shares of OSI Systems by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock valued at $379,000 after buying an additional 105 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in shares of OSI Systems by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock worth $501,000 after buying an additional 106 shares in the last quarter. KBC Group NV increased its stake in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after buying an additional 189 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after acquiring an additional 195 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on OSIS. Wells Fargo & Company raised their price objective 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. B. Riley boosted their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Finally, Roth Mkm upped their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

Insider Activity at OSI Systems

In related news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated 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 in the company, valued at $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the 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 completion of the transaction, the insider now owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

OSI Systems Stock Up 4.9 %

Shares of OSI Systems stock opened at $203.32 on Tuesday. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $220.00. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The business’s 50 day simple moving average is $193.83 and its 200-day simple moving average is $169.64.

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

OSI Systems Company Profile

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.