OSI Systems, Inc. (NASDAQ:OSIS) Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 14.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,392 shares of the technology company's stock after selling 11,955 shares during the quarter. JPMorgan Chase & Co. owned about 0.43% of OSI Systems worth $10,991,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of OSI Systems during the 2nd quarter valued at approximately $40,000. International Assets Investment Management LLC increased its stake in OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after purchasing an additional 603 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of OSI Systems during the third quarter worth $182,000. EverSource Wealth Advisors LLC lifted its position in shares of OSI Systems by 235.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,331 shares of the technology company's stock worth $197,000 after buying an additional 934 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of OSI Systems in the 3rd quarter valued at about $264,000. Institutional investors own 89.21% of the company's stock.

Insiders Place Their Bets

In related news, Director Gerald M. Chizever sold 2,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following the completion of the transaction, the director now owns 7,701 shares in the company, valued at $1,140,980.16. This trade represents a 20.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following the sale, the insider now owns 78,094 shares in the company, valued at approximately $14,058,481.88. The trade was a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,591 shares of company stock worth $7,557,745 over the last ninety days. Company insiders own 5.20% of the company's stock.

OSI Systems Trading Down 0.9 %

NASDAQ:OSIS opened at $151.91 on Monday. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.55 and a beta of 1.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems, Inc. has a 1 year low of $120.42 and a 1 year high of $189.13. The business has a fifty day moving average of $167.34 and a 200-day moving average of $151.82.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million for the quarter, compared to analysts' expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems's quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Equities analysts predict that OSI Systems, Inc. will post 9.13 earnings per share for the current year.

Analysts Set New Price Targets

OSIS has been the topic of several research reports. Bank of America began coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a "buy" rating and a $175.00 price objective on the stock. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company upped their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, OSI Systems currently has an average rating of "Moderate Buy" and a consensus price target of $179.00.

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.