Illinois Municipal Retirement Fund Sells 679 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Illinois Municipal Retirement Fund lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 7.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,022 shares of the technology company’s stock after selling 679 shares during the period. Illinois Municipal Retirement Fund’s holdings in OSI Systems were worth $1,343,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. grew its holdings in OSI Systems by 65.6% during 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 during the period. International Assets Investment Management LLC grew its holdings in OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the period. KBC Group NV grew its holdings 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 period. Global Retirement Partners LLC grew its holdings 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 purchasing an additional 383 shares during the period. Finally, Longboard Asset Management LP bought a new stake in OSI Systems during the fourth quarter valued at about $202,000. Institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 sale, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,447 shares of company stock worth $5,519,962. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

NASDAQ:OSIS opened at $206.21 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.46 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00. The business’s 50-day moving average is $186.62 and its 200 day moving average is $164.66.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping 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%. On average, equities research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OSIS has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target for the company. Wells Fargo & Company upped their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Roth Mkm upped their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. B. Riley upped 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. Finally, Oppenheimer upped their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $212.00.

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.