JPMorgan Chase & Co. Trims Position in OSI Systems, Inc. (NASDAQ:OSIS)

JPMorgan Chase & Co. lessened its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,417 shares of the technology company's stock after selling 7,975 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.38% of OSI Systems worth $10,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. raised its position in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Truvestments Capital LLC grew its stake in OSI Systems by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock worth $379,000 after purchasing an additional 105 shares during the period. Orion Portfolio Solutions LLC raised its holdings in OSI Systems by 3.3% in the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company's stock worth $501,000 after purchasing an additional 106 shares in the last quarter. KBC Group NV lifted its position 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 buying an additional 189 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position 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 buying an additional 195 shares during the period. Hedge funds and other 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 stock in a transaction that occurred 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, the director now directly owns 5,000 shares of the company's stock, valued at approximately $979,150. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

OSI Systems Stock Up 2.6 %

Shares of OSIS stock traded up $4.84 during mid-day trading on Friday, hitting $194.19. The company's stock had a trading volume of 249,990 shares, compared to its average volume of 185,043. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.81 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The business has a 50-day moving average price of $194.28 and a 200 day moving average price of $175.89.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping 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%. Research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on OSIS. 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 note on Friday, January 24th. B. Riley boosted their target price on OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Wells Fargo & Company reduced 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. StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.