OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 67.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,948 shares of the technology company's stock after selling 12,162 shares during the quarter. Squarepoint Ops LLC's holdings in OSI Systems were worth $996,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in OSI Systems during the fourth quarter valued at $25,000. Richardson Financial Services Inc. raised its position 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 worth $26,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in OSI Systems by 243.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after buying an additional 195 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in OSI Systems by 241.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after buying an additional 483 shares during the last quarter. Finally, KBC Group NV increased 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 worth $117,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of the company's 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 transaction, the chief financial officer now directly owns 284,953 shares in the company, valued at $65,254,237. This represents a 6.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Francis Ballhaus, Jr. sold 750 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total value of $171,660.00. Following the transaction, the director now owns 24,055 shares of the company's stock, valued at approximately $5,505,708.40. This represents a 3.02% 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 quarter. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

OSIS has been the topic of several research reports. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 target price for the company. Roth Mkm increased their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, B. Riley restated a "buy" rating and set a $255.00 price target (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, OSI Systems presently has a consensus rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems Trading Up 1.1%

Shares of OSIS stock traded up $2.46 on Wednesday, hitting $223.63. 202,116 shares of the stock traded hands, compared to its average volume of 195,965. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $234.59. The firm's 50-day moving average price is $207.78 and its two-hundred day moving average price is $192.54. The stock has a market capitalization of $3.75 billion, a PE ratio of 28.78, a PEG ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted 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 during 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 business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.16 EPS. As a group, analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current 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.