Northern Trust Corp Buys 17,921 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Northern Trust Corp raised its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,974 shares of the technology company’s stock after purchasing an additional 17,921 shares during the period. Northern Trust Corp owned 1.08% of OSI Systems worth $30,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in OSI Systems during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. grew its holdings in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC increased its position in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after purchasing an additional 483 shares in the last quarter. Finally, KBC Group NV lifted its position in 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 last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OSIS. B. Riley restated a “buy” rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Roth Mkm upped their price objective on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Oppenheimer increased their price target on OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Finally, 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 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $228.33.

OSI Systems Price Performance

OSIS opened at $223.56 on Friday. The business has a fifty day moving average of $195.13 and a 200 day moving average of $182.48. The stock has a market cap of $3.76 billion, a P/E ratio of 28.77, a PEG ratio of 1.81 and a beta of 1.28. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 52-week low of $129.18 and a 52-week high of $227.34.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm had revenue of $444.35 million for the quarter, compared to analysts’ expectations of $436.49 million. During the same period in the prior year, the business posted $2.16 earnings per share. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Buying and Selling

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the transaction, the director now directly owns 24,805 shares in the company, valued at $5,451,394.85. This represents a 3.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $221.79, for a total transaction of $4,435,800.00. Following the completion of the sale, the chairman now owns 339,478 shares of the company’s stock, valued at approximately $75,292,825.62. This represents a 5.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,621 shares of company stock valued at $4,795,570 over the last quarter. 5.20% of the stock is owned by corporate insiders.

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.