Css LLC Il Increases Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

CSS LLC IL boosted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 322.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,600 shares of the technology company's stock after acquiring an additional 5,800 shares during the quarter. CSS LLC IL's holdings in OSI Systems were worth $1,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. State of Wyoming raised its stake in shares of OSI Systems by 1.9% during the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company's stock worth $452,000 after acquiring an additional 51 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in shares of OSI Systems by 65.6% during the 4th 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. MetLife Investment Management LLC raised its position in OSI Systems by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock worth $1,574,000 after purchasing an additional 61 shares during the period. Summit Investment Advisors Inc. raised its position in OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock worth $278,000 after purchasing an additional 74 shares during the period. Finally, Truvestments Capital LLC lifted its stake in OSI Systems by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock worth $379,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 89.21% of the company's stock.

Insider Activity at OSI Systems

In other news, insider Glenn Grindstaff sold 688 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the sale, the insider now directly owns 8,354 shares of the company's stock, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the sale, the chairman now directly owns 339,478 shares in the company, valued at $75,292,825.62. This trade represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,371 shares of company stock worth $9,547,230 over the last 90 days. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of recent research reports. Roth Mkm raised their price objective on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price target on 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 set a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. started coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Trading Down 0.5%

Shares of OSIS stock traded down $1.24 during trading hours on Monday, reaching $227.44. The company's stock had a trading volume of 115,768 shares, compared to its average volume of 193,505. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $233.80. The stock has a market capitalization of $3.82 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.81 and a beta of 1.28. The firm's fifty day simple moving average is $204.23 and its 200 day simple moving average is $189.23.

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