Bank of New York Mellon Corp Sells 2,537 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Bank of New York Mellon Corp lowered its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,751 shares of the technology company’s stock after selling 2,537 shares during the quarter. Bank of New York Mellon Corp owned about 0.62% of OSI Systems worth $20,357,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors acquired a new stake in shares of OSI Systems in the 4th quarter valued at approximately $97,258,000. Mawer Investment Management Ltd. purchased a new stake in OSI Systems in the fourth quarter worth approximately $63,171,000. Brown Advisory Inc. bought a new position in OSI Systems in the fourth quarter worth $45,618,000. FMR LLC boosted its position in shares of OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock valued at $141,965,000 after buying an additional 203,511 shares during the last quarter. Finally, Boston Partners lifted its position in shares of OSI Systems by 34.7% during the 4th quarter. Boston Partners now owns 237,882 shares of the technology company’s stock valued at $39,911,000 after buying an additional 61,304 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

Insider Activity at OSI Systems

In related news, CFO Alan I. Edrick sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer owned 284,953 shares of the company’s stock, valued at $65,254,237. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the sale, the chairman directly owned 339,478 shares in the company, valued at approximately $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. Insiders have sold a total of 43,371 shares of company stock worth $9,784,380 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

OSIS has been the subject of several research reports. Roth Mkm upped their target price on OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. B. Riley reaffirmed a “buy” rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Wall Street Zen upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Wells Fargo & Company cut their target price on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer lifted their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $228.33.

OSI Systems Stock Performance

NASDAQ OSIS opened at $213.82 on Friday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.80 and a beta of 1.27. The company has a fifty day moving average price of $224.00 and a 200-day moving average price of $202.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $241.64.

OSI Systems (NASDAQ:OSIS) last released 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. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The business had revenue of $444.35 million for the quarter, compared to analysts’ expectations of $436.49 million. During the same quarter in the previous year, the business posted $2.16 earnings per share. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.