Capital International Investors Takes $97.26 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Capital International Investors bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 580,890 shares of the technology company's stock, valued at approximately $97,258,000. Capital International Investors owned about 3.46% of OSI Systems at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in OSIS. Aster Capital Management DIFC Ltd acquired a new stake in shares of OSI Systems in the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. raised its holdings in OSI Systems by 65.6% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC lifted its position 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 acquiring an additional 195 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after purchasing an additional 483 shares during the period. Finally, KBC Group NV grew its stake in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after buying an additional 189 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Up 0.0 %

OSIS traded up $0.06 during midday trading on Friday, reaching $202.37. 34,317 shares of the company were exchanged, compared to its average volume of 244,072. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. 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, Inc. has a one year low of $129.18 and a one year high of $220.00. The company's fifty day moving average price is $192.89 and its 200 day moving average price is $177.00.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of recent analyst reports. Roth Mkm lifted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target on the stock. Wells Fargo & Company reduced 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. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Finally, Oppenheimer lifted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $213.33.

Insider Buying and Selling

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated 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 approximately $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

About OSI Systems

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.