Millennium Management LLC Sells 1,906 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Millennium Management LLC decreased its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,711 shares of the technology company's stock after selling 1,906 shares during the period. Millennium Management LLC's holdings in OSI Systems were worth $956,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in shares of OSI Systems by 252.3% in the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after buying an additional 25,437 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in OSI Systems during the 4th quarter valued at $629,000. KBC Group NV boosted its stake in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after purchasing an additional 189 shares during the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of OSI Systems by 11.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 29,916 shares of the technology company's stock worth $5,009,000 after purchasing an additional 3,044 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of OSI Systems by 51.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,557 shares of the technology company's stock worth $6,790,000 after purchasing an additional 13,826 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Stock Performance

OSIS stock traded up $1.31 during midday trading on Monday, reaching $227.78. 99,661 shares of the company's stock traded hands, compared to its average volume of 196,846. 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 52-week low of $129.18 and a 52-week high of $234.59. The stock has a market cap of $3.82 billion, a P/E ratio of 29.32, a PEG ratio of 1.81 and a beta of 1.28. The stock's 50-day moving average is $208.98 and its 200 day moving average is $193.97.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its 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 company had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. OSI Systems's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 earnings per share. As a group, analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. Oppenheimer lifted their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Roth Mkm boosted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $228.33.

Insider Activity

In related news, Director William Francis Ballhaus, Jr. sold 933 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the transaction, the director now directly owns 24,805 shares of the company's stock, valued at approximately $5,451,394.85. This trade represents a 3.62% 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, insider Glenn Grindstaff sold 688 shares of the business's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the sale, the insider now owns 8,354 shares in the company, valued at approximately $1,878,731.06. The trade was a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,371 shares of company stock worth $9,547,230 in the last three months. Company insiders own 5.20% of the company's stock.

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.