Thrivent Financial for Lutherans Sells 438 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Thrivent Financial for Lutherans cut its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,013 shares of the technology company’s stock after selling 438 shares during the period. Thrivent Financial for Lutherans owned 0.07% of OSI Systems worth $2,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OSIS. Richardson Financial Services Inc. grew 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 worth $26,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings 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 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 acquiring an additional 189 shares during the period. Parkside Financial Bank & Trust grew its position in OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after purchasing an additional 207 shares during the period. Finally, Global Retirement Partners LLC raised its position in OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $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.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. 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 sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $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 corporate insiders.

OSI Systems Trading Down 2.9 %

OSIS stock opened at $193.32 on Friday. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00. The business’s 50-day moving average is $196.64 and its 200 day moving average is $170.88. 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 stock has a market cap of $3.25 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analyst Ratings Changes

OSIS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. StockNews.com cut OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. B. Riley raised 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. Finally, Roth Mkm upped their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, OSI Systems currently 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.