Kennedy Capital Management LLC Sells 2,419 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Kennedy Capital Management LLC reduced its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,566 shares of the technology company's stock after selling 2,419 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.10% of OSI Systems worth $2,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC raised its stake in shares of OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock worth $141,965,000 after buying an additional 203,511 shares during the period. State Street Corp raised its stake in OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company's stock worth $110,485,000 after acquiring an additional 6,514 shares during the period. Geode Capital Management LLC boosted its position in shares of OSI Systems by 1.5% in the third 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 during the period. Mawer Investment Management Ltd. purchased a new stake in shares of OSI Systems in the fourth quarter worth $63,171,000. Finally, Primecap Management Co. CA raised its position in shares of OSI Systems by 1.1% during the 4th quarter. Primecap Management Co. CA now owns 297,710 shares of the technology company's stock valued at $49,846,000 after purchasing an additional 3,210 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction dated 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 in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now owns 5,000 shares of the company's stock, valued at $979,150. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

OSI Systems Price Performance

Shares of OSI Systems stock traded up $4.84 during trading hours on Friday, reaching $194.19. The company's stock had a trading volume of 249,990 shares, compared to its average volume of 184,277. The firm has a 50 day moving average price of $194.56 and a 200-day moving average price of $175.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The stock has a market cap of $3.26 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OSIS shares. Wells Fargo & Company cut their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Roth Mkm lifted their target price on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Oppenheimer upped their price target on OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective for the company. Finally, StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $213.33.

OSI Systems Company 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.