OSI Systems, Inc. (NASDAQ:OSIS) is Neumeier Poma Investment Counsel LLC's 2nd Largest Position

Neumeier Poma Investment Counsel LLC reduced its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,342 shares of the technology company's stock after selling 37,972 shares during the quarter. OSI Systems makes up 4.4% of Neumeier Poma Investment Counsel LLC's holdings, making the stock its 2nd largest position. Neumeier Poma Investment Counsel LLC owned 1.61% of OSI Systems worth $45,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its holdings in OSI Systems by 31.6% in the 3rd quarter. Intech Investment Management LLC now owns 5,411 shares of the technology company's stock worth $822,000 after buying an additional 1,300 shares during the period. Citigroup Inc. grew its position in OSI Systems by 64.9% during the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock valued at $4,148,000 after buying an additional 10,753 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of OSI Systems during the 3rd quarter worth about $354,000. FMR LLC increased its stake in shares of OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after purchasing an additional 631,486 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in OSI Systems by 44.7% during the third quarter. BNP Paribas Financial Markets now owns 17,710 shares of the technology company's stock worth $2,689,000 after purchasing an additional 5,468 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

Remove Ads

Insider Transactions at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated 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 in the company, valued at approximately $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $194.34 on Tuesday. The business has a 50-day moving average of $197.19 and a 200 day moving average of $171.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results 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%. As a group, sell-side analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com lowered OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. B. Riley raised their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective for the company. Roth Mkm upped their price target on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company boosted their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. One investment 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $212.00.

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.