Boothbay Fund Management LLC Makes New Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Boothbay Fund Management LLC purchased a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,036 shares of the technology company's stock, valued at approximately $508,000.

Other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of OSI Systems during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. boosted its position in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $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% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares during the period. CIBC Private Wealth Group LLC lifted its position in OSI Systems by 241.5% during the fourth 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 during the period. Finally, KBC Group NV boosted its holdings in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after buying an additional 189 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on OSIS. Roth Mkm increased their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday. B. Riley reiterated a "buy" rating and set a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday. JPMorgan Chase & Co. started coverage on OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target on the stock. Oppenheimer raised their price objective on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Wells Fargo & Company dropped their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Stock Down 1.6 %

OSIS traded down $3.59 during trading on Monday, hitting $221.27. 133,277 shares of the company's stock traded hands, compared to its average volume of 188,014. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $227.34. The company's 50 day simple moving average is $193.02 and its two-hundred day simple moving average is $180.01. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.81 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. During the same period in the previous year, the company earned $2.16 earnings per share. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal 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.