Prudential Financial Inc. Has $2.63 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Prudential Financial Inc. trimmed its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,718 shares of the technology company's stock after selling 5,058 shares during the period. Prudential Financial Inc. owned about 0.09% of OSI Systems worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares 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 worth $26,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of OSI Systems by 243.8% in the 4th 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 in the last quarter. KBC Group NV increased its holdings in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after buying an additional 189 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock worth $129,000 after buying an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock valued at $144,000 after acquiring an additional 383 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

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Insider Buying and Selling

In related 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 directly owns 5,000 shares of the company's stock, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the company's 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 completion of the transaction, the insider now directly owns 10,077 shares of the company's stock, valued at approximately $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 currently owned by insiders.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded down $4.55 during midday trading on Tuesday, hitting $174.22. The company's stock had a trading volume of 250,769 shares, compared to its average volume of 179,829. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The stock's 50 day simple moving average is $196.26 and its 200 day simple moving average is $173.31. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00.

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, research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Oppenheimer boosted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. B. Riley increased their target price on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Wells Fargo & Company lowered their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Roth Mkm raised their price objective on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.