2,854 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,854 shares of the technology company's stock, valued at approximately $478,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock worth $110,485,000 after purchasing an additional 6,514 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock valued at $1,051,000 after buying an additional 1,660 shares during the period. Schroder Investment Management Group purchased a new position in shares of OSI Systems in the 4th quarter worth $472,000. HighTower Advisors LLC bought a new stake in shares of OSI Systems in the third quarter worth $443,000. Finally, Barclays PLC increased its position in OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after acquiring an additional 25,437 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Down 0.6 %

Shares of OSI Systems stock traded down $1.20 on Wednesday, hitting $191.90. 24,349 shares of the company traded hands, compared to its average volume of 250,999. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00. The company has a market cap of $3.22 billion, a PE ratio of 24.72, a PEG ratio of 1.81 and a beta of 1.19. The stock's 50 day moving average price is $195.16 and its 200-day moving average price is $174.98. 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 (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Buying and Selling at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction dated 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 $2,008,950.72. This represents a 1.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gerald M. Chizever sold 2,701 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares of the company's stock, valued at approximately $979,150. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

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

OSI Systems Company 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.