JPMorgan Chase & Co. Sells 11,955 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

JPMorgan Chase & Co. cut its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 14.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,392 shares of the technology company’s stock after selling 11,955 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of OSI Systems worth $10,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in shares of OSI Systems by 3.5% during the third quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock worth $1,429,000 after purchasing an additional 324 shares in the last quarter. World Investment Advisors LLC acquired a new stake in OSI Systems during the 3rd quarter worth approximately $16,713,000. Hohimer Wealth Management LLC bought a new position in OSI Systems in the third quarter valued at approximately $264,000. Geode Capital Management LLC increased its position in shares of OSI Systems by 1.5% during the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock worth $57,720,000 after acquiring an additional 5,718 shares in the last quarter. Finally, Barclays PLC lifted its position in OSI Systems by 252.3% in the 3rd 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 in the last quarter. Institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

In other news, Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the sale, the director now owns 7,701 shares of the company’s stock, valued at approximately $1,140,980.16. This trade represents a 20.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the completion of the transaction, the chief executive officer now owns 404,323 shares in the company, valued at $75,875,254.18. This trade represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,591 shares of company stock worth $7,557,745 over the last 90 days. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

OSIS has been the topic of several recent research reports. Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and an average price target of $179.00.

OSI Systems Stock Down 2.7 %

OSIS stock opened at $153.35 on Monday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 20.02, a P/E/G ratio of 1.55 and a beta of 1.19. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $189.13. The business has a 50 day moving average price of $167.34 and a two-hundred day moving average price of $151.82.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts anticipate that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

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.