OSI Systems, Inc. (NASDAQ:OSIS) Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC trimmed its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 270,342 shares of the technology company’s stock after selling 37,972 shares during the period. OSI Systems accounts for 4.4% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 2nd biggest position. Neumeier Poma Investment Counsel LLC owned approximately 1.61% of OSI Systems worth $45,263,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp grew its stake in OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after buying an additional 6,514 shares during the last quarter. Park Avenue Securities LLC lifted its position in OSI Systems by 36.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock valued at $1,051,000 after purchasing an additional 1,660 shares during the last quarter. HighTower Advisors LLC acquired a new position in OSI Systems during the 3rd quarter valued at about $443,000. Citigroup Inc. grew its position in OSI Systems by 64.9% in the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 10,753 shares during the last quarter. Finally, FMR LLC increased its stake in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares during the period. 89.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OSIS shares. Roth Mkm boosted their price objective 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 boosted their price target on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. assumed coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. B. Riley upped their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company increased their target price on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

Insider Activity

In other news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

NASDAQ:OSIS opened at $200.30 on Thursday. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.36 billion, a P/E ratio of 25.78, a PEG ratio of 1.81 and a beta of 1.20. The business’s 50-day moving average price is $195.48 and its 200 day moving average price is $170.30.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) 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%. As a group, sell-side analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal 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.