JPMorgan Chase & Co. Has $28.18 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Posted by on Jun 12th, 2023

JPMorgan Chase & Co. grew its position in shares of OSI Systems, Inc. (NASDAQ:OSIS – Get Rating) by 14.4% in the fourth quarter, HoldingsChannel reports. The fund owned 354,427 shares of the technology company’s stock after acquiring an additional 44,488 shares during the period. JPMorgan Chase & Co.’s holdings in OSI Systems were worth $28,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OSIS. MetLife Investment Management LLC grew its position in OSI Systems by 53.6% in the 1st quarter. MetLife Investment Management LLC now owns 8,865 shares of the technology company’s stock worth $755,000 after purchasing an additional 3,094 shares in the last quarter. Rhumbline Advisers boosted its holdings in OSI Systems by 2.4% in the first quarter. Rhumbline Advisers now owns 49,560 shares of the technology company’s stock worth $4,219,000 after acquiring an additional 1,157 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of OSI Systems by 12.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,174 shares of the technology company’s stock worth $1,206,000 after acquiring an additional 1,563 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of OSI Systems by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 809,069 shares of the technology company’s stock valued at $68,868,000 after purchasing an additional 5,950 shares during the period. Finally, Sei Investments Co. boosted its holdings in OSI Systems by 8.1% in the first quarter. Sei Investments Co. now owns 5,487 shares of the technology company’s stock valued at $460,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.

OSI Systems Stock Up 0.5 %

OSIS stock opened at $126.25 on Monday. The stock has a 50-day simple moving average of $112.87 and a two-hundred day simple moving average of $97.96. The firm has a market capitalization of $2.11 billion, a PE ratio of 26.19, a PEG ratio of 1.88 and a beta of 0.93. OSI Systems, Inc. has a twelve month low of $69.31 and a twelve month high of $126.67. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.21.

OSI Systems (NASDAQ:OSIS – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The technology company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.02. The business had revenue of $302.89 million during the quarter, compared to the consensus estimate of $302.92 million. OSI Systems had a return on equity of 14.73% and a net margin of 6.91%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. On average, equities analysts predict that OSI Systems, Inc. will post 6.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of recent analyst reports. B. Riley upped their price objective on OSI Systems from $120.00 to $137.00 in a report on Friday, April 28th. StockNews.com lowered OSI Systems from a “strong-buy” rating to a “buy” rating in a research report on Sunday.

Insiders Place Their Bets

In other OSI Systems news, CFO Alan I. Edrick sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $125.29, for a total transaction of $3,758,700.00. Following the completion of the transaction, the chief financial officer now directly owns 335,603 shares in the company, valued at approximately $42,047,699.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Alan I. Edrick sold 10,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $126.18, for a total value of $1,261,800.00. Following the sale, the chief financial officer now directly owns 325,603 shares of the company’s stock, valued at approximately $41,084,586.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Alan I. Edrick sold 30,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $125.29, for a total value of $3,758,700.00. Following the transaction, the chief financial officer now directly owns 335,603 shares of the company’s stock, valued at approximately $42,047,699.87. The disclosure for this sale can be found here. Insiders have sold 115,945 shares of company stock worth $14,027,386 over the last three months. Company insiders own 6.20% of the company’s stock.

OSI Systems Profile

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OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.

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Want to see what other hedge funds are holding OSIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OSI Systems, Inc. (NASDAQ:OSIS – Get Rating).

Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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