LPL Financial LLC Takes $1.44 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

LPL Financial LLC purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,626 shares of the technology company’s stock, valued at approximately $1,444,000. LPL Financial LLC owned approximately 0.05% of OSI Systems at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in OSIS. Geode Capital Management LLC grew its holdings in shares of OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after purchasing an additional 5,718 shares in the last quarter. Primecap Management Co. CA lifted its position in OSI Systems by 1.1% during the fourth quarter. Primecap Management Co. CA now owns 297,710 shares of the technology company’s stock worth $49,846,000 after purchasing an additional 3,210 shares during the period. Boston Partners grew its stake in OSI Systems by 34.7% during the fourth quarter. Boston Partners now owns 237,882 shares of the technology company’s stock worth $39,911,000 after buying an additional 61,304 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in OSI Systems by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,052 shares of the technology company’s stock valued at $35,839,000 after buying an additional 3,424 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of OSI Systems in the 3rd quarter valued at approximately $16,713,000. Institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $979,150. This trade represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS opened at $194.19 on Friday. The business has a 50-day simple moving average of $194.56 and a two-hundred day simple moving average of $175.37. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00. The stock has a market cap of $3.26 billion, a PE ratio of 24.99, a PEG ratio of 1.81 and a beta of 1.19. 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) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Roth Mkm increased their price target on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Wells Fargo & Company lowered their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective on the stock. Finally, B. Riley boosted their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and an average price target of $213.33.

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.