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

Northern Trust Corp grew its position in OSI Systems, Inc. (NASDAQ:OSIS) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 181,974 shares of the technology company’s stock after buying an additional 17,921 shares during the period. Northern Trust Corp’s holdings in OSI Systems were worth $30,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in OSI Systems in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. boosted its position in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in OSI Systems by 243.8% during the 4th 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 last quarter. CIBC Private Wealth Group LLC increased its position in 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 raised its stake in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OSIS shares. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Roth Mkm boosted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. Finally, B. Riley restated a “buy” rating and issued a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.33.

Insider Buying and Selling

In other news, insider Glenn Grindstaff sold 688 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the sale, the insider now owns 8,354 shares of the company’s stock, valued at $1,878,731.06. The trade was a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the 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 transaction, the director now directly owns 24,805 shares of the company’s stock, valued at $5,451,394.85. The trade was a 3.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,621 shares of company stock valued at $4,795,570. 5.20% of the stock is owned by company insiders.

OSI Systems Trading Up 0.6 %

NASDAQ OSIS opened at $223.56 on Friday. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $227.34. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The company has a market capitalization of $3.76 billion, a PE ratio of 28.77, a P/E/G ratio of 1.81 and a beta of 1.28. The company has a fifty day moving average of $195.13 and a 200 day moving average of $182.48.

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