OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,288 shares of the technology company’s stock after selling 3,772 shares during the period. Bank of New York Mellon Corp owned 0.64% of OSI Systems worth $17,963,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of OSIS. Richardson Financial Services Inc. grew its stake 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 last quarter. KBC Group NV grew its stake in OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after acquiring an additional 189 shares during the last quarter. Global Retirement Partners LLC grew its stake in OSI Systems by 80.1% in the 4th 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 during the last quarter. Longboard Asset Management LP acquired a new stake in OSI Systems in the 4th quarter valued at about $202,000. Finally, Hohimer Wealth Management LLC acquired a new stake in OSI Systems in the 3rd quarter valued at about $264,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction on Friday, December 13th. The stock was sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the transaction, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This trade represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the transaction, the chief executive officer now directly owns 404,323 shares of the company’s stock, valued at approximately $75,875,254.18. The trade was a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,719 shares of company stock worth $5,208,248 over the last 90 days. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OSIS. Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Roth Mkm raised their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price on the stock. Finally, B. Riley raised 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $212.00.

OSI Systems Stock Down 0.0 %

OSI Systems stock opened at $180.49 on Wednesday. The company has a 50-day simple moving average of $188.42 and a 200-day simple moving average of $166.77. The firm has a market capitalization of $3.03 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, equities analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

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.