PNC Financial Services Group Inc. Has $730,000 Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

PNC Financial Services Group Inc. grew its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 4.8% during the 4th quarter, HoldingsChannel reports. The firm owned 4,363 shares of the technology company’s stock after purchasing an additional 201 shares during the quarter. PNC Financial Services Group Inc.’s holdings in OSI Systems were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Richardson Financial Services Inc. grew its position in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares during the last quarter. KBC Group NV increased its position in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in OSI Systems by 36.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after purchasing an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $144,000 after buying an additional 383 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Activity

In related news, insider Paul Keith Morben sold 155 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OSIS shares. Roth Mkm upped their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. B. Riley boosted their target price 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. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price target for the company. Finally, StockNews.com cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Trading Up 2.7 %

Shares of OSIS stock opened at $189.17 on Tuesday. 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 debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a 50 day simple moving average of $189.76 and a two-hundred day simple moving average of $167.77. The company has a market cap of $3.18 billion, a P/E ratio of 24.35, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating 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%. 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.