Nuveen Asset Management LLC Trims Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Nuveen Asset Management LLC decreased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,035 shares of the technology company's stock after selling 13,850 shares during the period. Nuveen Asset Management LLC owned approximately 0.48% of OSI Systems worth $13,400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of OSIS. Aster Capital Management DIFC Ltd purchased a new stake in OSI Systems in the 4th quarter worth about $25,000. Richardson Financial Services Inc. increased its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after purchasing an additional 483 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of OSI Systems by 37.1% during the fourth 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 period. Institutional investors own 89.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OSIS. 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. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Roth Mkm increased their price objective 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. initiated coverage on OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. Finally, B. Riley reiterated a "buy" rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

Insider Buying and Selling

In other OSI Systems news, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the sale, the insider now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the transaction, the director now owns 24,805 shares in the company, valued at approximately $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 a total of 42,371 shares of company stock worth $9,547,230 in the last 90 days. 5.20% of the stock is owned by corporate insiders.

OSI Systems Stock Down 0.8%

OSI Systems stock traded down $1.87 during mid-day trading on Friday, reaching $218.32. 95,667 shares of the company were exchanged, compared to its average volume of 236,164. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm has a market cap of $3.67 billion, a P/E ratio of 28.09, a PEG ratio of 1.81 and a beta of 1.28. The business has a fifty day moving average of $206.11 and a 200 day moving average of $190.67. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $234.59.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates 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%. 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 company earned $2.16 earnings per share. Research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

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.