Ameriprise Financial Inc. Cuts Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Ameriprise Financial Inc. lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,514 shares of the technology company's stock after selling 22,712 shares during the quarter. Ameriprise Financial Inc. owned 0.65% of OSI Systems worth $18,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of OSIS. Comerica Bank increased its stake in OSI Systems by 2.9% during the 4th quarter. Comerica Bank now owns 17,478 shares of the technology company's stock valued at $2,926,000 after purchasing an additional 493 shares in the last quarter. PDT Partners LLC bought a new stake in shares of OSI Systems during the fourth quarter valued at approximately $703,000. Northern Trust Corp raised its holdings in OSI Systems by 10.9% in the 4th quarter. Northern Trust Corp now owns 181,974 shares of the technology company's stock worth $30,468,000 after acquiring an additional 17,921 shares during the last quarter. Aquatic Capital Management LLC bought a new position in OSI Systems in the 4th quarter valued at approximately $855,000. Finally, Boothbay Fund Management LLC bought a new position in OSI Systems in the 4th quarter valued at approximately $508,000. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Performance

Shares of OSI Systems stock traded down $2.35 during trading hours on Monday, reaching $229.65. 89,731 shares of the stock traded hands, compared to its average volume of 192,751. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $233.80. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 1.81 and a beta of 1.28. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $199.83 and a 200 day moving average price of $186.13.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The company had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. During the same quarter last year, the firm posted $2.16 earnings per share. The firm's revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Transactions at OSI Systems

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the completion of the sale, the chairman now owns 339,478 shares of the company's stock, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the transaction, the director now directly owns 24,805 shares in the company, valued at $5,451,394.85. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,621 shares of company stock worth $9,375,570 in the last three months. Corporate insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Roth Mkm boosted their price target on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. began 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. StockNews.com upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday. B. Riley reiterated a "buy" rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems 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.