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

LPL Financial LLC acquired a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.

Other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. grew its stake in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Truvestments Capital LLC grew its stake in OSI Systems by 4.9% during the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock valued at $379,000 after acquiring an additional 105 shares in the last quarter. KBC Group NV grew its stake in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after acquiring an additional 189 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after acquiring an additional 195 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,363 shares of the technology company's stock worth $730,000 after buying an additional 201 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Trading Up 5.5 %

Shares of NASDAQ OSIS traded up $10.35 during midday trading on Wednesday, hitting $199.77. The company's stock had a trading volume of 31,683 shares, compared to its average volume of 184,285. 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 business's 50 day moving average is $193.44 and its two-hundred day moving average is $176.50. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00. The firm has a market cap of $3.36 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on OSIS shares. B. Riley lifted their price target on OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. began coverage on OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Finally, Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $213.33.

Insider Buying and Selling

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

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.