Thrivent Financial for Lutherans Trims Position in OSI Systems, Inc. (NASDAQ:OSIS)

Thrivent Financial for Lutherans lowered its position in OSI Systems, Inc. (NASDAQ:OSIS) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 12,013 shares of the technology company’s stock after selling 438 shares during the period. Thrivent Financial for Lutherans’ holdings in OSI Systems were worth $2,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OSIS. FMR LLC boosted its holdings in OSI Systems by 4,891.4% in the 3rd 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 last quarter. World Investment Advisors LLC acquired a new position in OSI Systems in the third quarter valued at approximately $16,713,000. Swedbank AB purchased a new position in OSI Systems in the fourth quarter worth approximately $8,372,000. Telemark Asset Management LLC acquired a new stake in OSI Systems during the fourth quarter worth $8,372,000. Finally, First Eagle Investment Management LLC purchased a new stake in OSI Systems in the fourth quarter valued at $6,011,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gerald M. Chizever sold 2,701 shares of the firm’s 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 sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS opened at $193.32 on Friday. The company has a market cap of $3.25 billion, a P/E ratio of 24.88, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two 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’s 50 day moving average price is $196.64 and its 200 day moving average price is $170.88.

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, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Roth Mkm raised 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 lifted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a report on Thursday. B. Riley lifted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

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.