North Star Investment Management Corp. Sells 4,335 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

North Star Investment Management Corp. reduced its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 55.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,500 shares of the technology company's stock after selling 4,335 shares during the period. North Star Investment Management Corp.'s holdings in OSI Systems were worth $680,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Janus Henderson Group PLC raised its position in shares of OSI Systems by 1.8% during the fourth quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock worth $206,072,000 after acquiring an additional 21,637 shares during the last quarter. FMR LLC increased its position in OSI Systems by 31.6% during the 4th quarter. FMR LLC now owns 847,907 shares of the technology company's stock valued at $141,965,000 after purchasing an additional 203,511 shares during the period. Capital International Investors bought a new position in OSI Systems during the 4th quarter worth approximately $97,258,000. Mawer Investment Management Ltd. bought a new position in OSI Systems during the 4th quarter worth approximately $63,171,000. Finally, Clark Capital Management Group Inc. lifted its position in shares of OSI Systems by 19.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock worth $60,729,000 after purchasing an additional 59,690 shares during the period. 89.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OSIS shares. 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 note on Monday, May 5th. B. Riley reaffirmed a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Wells Fargo & Company dropped 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. Roth Mkm lifted their price objective 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. Finally, Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Stock Up 2.3%

OSIS traded up $5.29 during trading on Monday, hitting $234.83. 200,025 shares of the company's stock were exchanged, compared to its average volume of 199,744. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $241.64. The stock has a market cap of $3.94 billion, a P/E ratio of 30.22, a PEG ratio of 1.81 and a beta of 1.28. The business's 50 day moving average is $214.15 and its two-hundred day moving average is $196.14. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced 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 last year, the firm earned $2.16 EPS. As a group, equities analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Meyer/ Luskin sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the transaction, the director now owns 11,214 shares in the company, valued at $2,659,400.10. The trade was a 8.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Glenn Grindstaff sold 688 shares of OSI Systems 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 owns 8,354 shares in the company, valued at $1,878,731.06. This trade represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,371 shares of company stock valued at $9,784,380 in the last three months. 5.20% of the stock is currently owned by insiders.

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.