North Star Investment Management Corp. Trims Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

North Star Investment Management Corp. decreased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 55.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the technology company’s stock after selling 4,335 shares during the quarter. North Star Investment Management Corp.’s holdings in OSI Systems were worth $680,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in shares of OSI Systems during the 4th quarter worth approximately $472,000. Smartleaf Asset Management LLC grew its position in OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after buying an additional 195 shares during the period. Deutsche Bank AG increased its holdings in OSI Systems by 47.3% in the fourth quarter. Deutsche Bank AG now owns 19,539 shares of the technology company’s stock valued at $3,271,000 after buying an additional 6,277 shares in the last quarter. Cibc World Markets Corp purchased a new position in OSI Systems in the fourth quarter valued at $248,000. Finally, Norges Bank acquired a new position in shares of OSI Systems in the fourth quarter worth about $9,085,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Down 3.0%

OSI Systems stock opened at $229.54 on Monday. 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, Inc. has a 1-year low of $129.18 and a 1-year high of $241.64. The company has a market cap of $3.85 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The stock’s 50 day moving average price is $214.15 and its 200 day moving average price is $196.14.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OSIS. Wall Street Zen upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target for the company. Wells Fargo & Company decreased their price target on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. B. Riley reiterated a “buy” rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, Roth Mkm increased their target price on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.33.

Insider Transactions at OSI Systems

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the sale, the chairman now owns 339,478 shares in the company, valued at approximately $75,292,825.62. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the sale, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,371 shares of company stock worth $9,784,380. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Company 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.