BNP Paribas Financial Markets Decreases Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

BNP Paribas Financial Markets trimmed its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,427 shares of the technology company's stock after selling 1,283 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of OSI Systems worth $2,750,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of OSI Systems in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. lifted its holdings in 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 buying an additional 61 shares during the period. Smartleaf Asset Management LLC grew its position in shares of 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 during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after buying an additional 483 shares during the period. Finally, KBC Group NV raised its position 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 worth $117,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Down 0.6%

NASDAQ OSIS traded down $1.30 on Wednesday, hitting $228.84. 7,698 shares of the company were exchanged, compared to its average volume of 192,023. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.84 billion, a PE ratio of 29.45, a PEG ratio of 1.81 and a beta of 1.28. The stock has a fifty day moving average of $201.89 and a 200-day moving average of $187.11. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $233.80.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The company had revenue of $444.35 million for the quarter, compared to analysts' expectations of $436.49 million. During the same quarter in the prior year, the firm earned $2.16 EPS. The business's revenue was up 9.5% on a year-over-year basis. As a group, analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analyst Ratings Changes

OSIS has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. B. Riley reaffirmed a "buy" rating and issued a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. 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. StockNews.com raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Finally, Roth Mkm increased their price target on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, OSI Systems has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

Insider Activity at OSI Systems

In other news, Director William Francis Ballhaus, Jr. sold 933 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the sale, the director now owns 24,805 shares in the company, valued at $5,451,394.85. This represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Deepak Chopra sold 20,000 shares of the firm's 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 transaction, the chairman now directly owns 339,478 shares in the company, valued at $75,292,825.62. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,621 shares of company stock valued at $9,375,570. 5.20% of the stock is owned by corporate insiders.

OSI Systems 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.