US Bancorp DE Has $157,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

US Bancorp DE trimmed its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 61.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 936 shares of the technology company's stock after selling 1,482 shares during the quarter. US Bancorp DE's holdings in OSI Systems were worth $157,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. increased its position in OSI Systems by 65.6% in the 4th 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 during the period. KBC Group NV increased its holdings in shares of 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 purchasing an additional 189 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of OSI Systems by 36.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock valued at $129,000 after purchasing an additional 207 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock worth $144,000 after purchasing an additional 383 shares during the period. Finally, Longboard Asset Management LP bought a new position in OSI Systems in the 4th quarter valued at about $202,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Remove Ads

OSI Systems Price Performance

Shares of NASDAQ OSIS traded up $11.60 during mid-day trading on Wednesday, reaching $204.27. The company had a trading volume of 257,906 shares, compared to its average volume of 167,448. The company has a 50-day moving average price of $190.34 and a two-hundred day moving average price of $168.07. The stock has a market cap of $3.43 billion, a PE ratio of 26.26, a P/E/G ratio of 1.81 and a beta of 1.20. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $220.00.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly 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%. On average, equities analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Activity at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares of the company's stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $979,150. This trade represents 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.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. B. Riley lifted their price target on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price objective for the company. Finally, Roth Mkm lifted their target price on OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.