Balyasny Asset Management L.P. Purchases 4,356 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Balyasny Asset Management L.P. grew its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 122.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,900 shares of the technology company's stock after purchasing an additional 4,356 shares during the period. Balyasny Asset Management L.P.'s holdings in OSI Systems were worth $1,323,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Benjamin Edwards Inc. increased its holdings in shares of OSI Systems by 48.2% in the 4th quarter. Benjamin Edwards Inc. now owns 4,136 shares of the technology company's stock valued at $693,000 after purchasing an additional 1,345 shares during the period. Comerica Bank boosted its position in shares of OSI Systems by 2.9% in the fourth quarter. Comerica Bank now owns 17,478 shares of the technology company's stock valued at $2,926,000 after acquiring an additional 493 shares during the period. PDT Partners LLC bought a new position in OSI Systems in the fourth quarter worth $703,000. Northern Trust Corp lifted its position in OSI Systems by 10.9% in the fourth quarter. Northern Trust Corp now owns 181,974 shares of the technology company's stock worth $30,468,000 after purchasing an additional 17,921 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in OSI Systems in the fourth quarter worth $855,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OSIS shares. Oppenheimer raised their target price on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Roth Mkm raised their target price on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company cut their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a report on Friday. Finally, JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

Insider Buying and Selling

In related news, insider Glenn Grindstaff sold 688 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was 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. This trade represents a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems 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 in the company, valued at approximately $5,451,394.85. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,621 shares of company stock worth $9,375,570 in the last ninety days. 5.20% of the stock is owned by insiders.

OSI Systems Stock Up 1.8%

OSI Systems stock traded up $4.02 during midday trading on Friday, reaching $232.00. The stock had a trading volume of 185,495 shares, compared to its average volume of 192,627. The firm's fifty day simple moving average is $199.83 and its 200-day simple moving average is $185.41. OSI Systems, Inc. has a 1-year low of $129.18 and a 1-year high of $233.80. The stock has a market capitalization of $3.90 billion, a P/E ratio of 29.86, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $436.49 million. During the same quarter in the prior year, the business earned $2.16 EPS. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.