Legal & General Group Plc Sells 2,078 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Legal & General Group Plc reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,059 shares of the technology company’s stock after selling 2,078 shares during the quarter. Legal & General Group Plc’s holdings in OSI Systems were worth $7,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in OSI Systems during the 4th quarter valued at $25,000. Richardson Financial Services Inc. increased its position in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 buying an additional 195 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of OSI Systems by 241.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after buying an additional 483 shares in the last quarter. Finally, KBC Group NV increased its holdings in OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Roth Mkm increased their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer lifted their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company cut their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $213.33.

OSI Systems Trading Up 2.6 %

Shares of OSIS opened at $194.19 on Friday. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $220.00. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.81 and a beta of 1.19. The company has a 50-day moving average of $194.28 and a 200 day moving average of $175.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25.

OSI Systems (NASDAQ:OSIS) 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%. On average, research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Buying and Selling

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of OSI Systems 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 completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, 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 disclosure for this sale can be found here. 5.20% of the stock is currently owned by company 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.