D. E. Shaw & Co. Inc. Cuts Position in OSI Systems, Inc. (NASDAQ:OSIS)

D. E. Shaw & Co. Inc. cut its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,333 shares of the technology company's stock after selling 13,581 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.18% of OSI Systems worth $5,079,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd bought a new position in shares of OSI Systems during the fourth quarter worth about $25,000. Richardson Financial Services Inc. raised its holdings in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after buying an additional 61 shares during the period. Smartleaf Asset Management LLC boosted its position in OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after acquiring an additional 195 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after acquiring an additional 483 shares during the last quarter. Finally, KBC Group NV increased its holdings in 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. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. Wells Fargo & Company reduced their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. B. Riley reissued a "buy" rating and issued a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Roth Mkm boosted their target price on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $228.33.

OSI Systems Stock Up 0.2%

Shares of OSIS traded up $0.48 on Tuesday, hitting $230.13. The company's stock had a trading volume of 80,544 shares, compared to its average volume of 192,304. 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 firm's fifty day moving average price is $200.79 and its 200-day moving average price is $186.81. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $233.80. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share 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 firm had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. During the same period in the prior year, the business earned $2.16 EPS. The company's revenue for the quarter 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 EPS for the current year.

Insider Transactions at OSI Systems

In other news, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the completion of the sale, the chief financial officer now owns 284,953 shares of the company's stock, valued at approximately $65,254,237. This trade represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Glenn Grindstaff sold 688 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the transaction, the insider now directly owns 8,354 shares of the company's stock, valued at approximately $1,878,731.06. This trade represents a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,621 shares of company stock worth $9,375,570 in the last three months. Insiders own 5.20% of the company's stock.

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.