TradeLink Capital LLC Purchases Shares of 2,289 OSI Systems, Inc. (NASDAQ:OSIS)

Key Points

• TradeLink Capital LLC acquired 2,289 shares of OSI Systems, Inc. valued at approximately $445,000, making it the 14th largest holding in the fund's portfolio.
• Wall Street analysts have provided a generally positive outlook for OSI Systems, with price targets from firms like Roth Mkm and Oppenheimer reaching as high as $260.00 and a consensus rating of "Moderate Buy".
• In the most recent quarter, OSI Systems reported earnings of $2.44 per share, exceeding expectations and showing a 9.5% revenue increase year-over-year.

TradeLink Capital LLC bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,289 shares of the technology company's stock, valued at approximately $445,000. OSI Systems makes up about 2.7% of TradeLink Capital LLC's holdings, making the stock its 14th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Premier Fund Managers Ltd acquired a new stake in OSI Systems in the 1st quarter valued at about $806,000. Mawer Investment Management Ltd. lifted its holdings in OSI Systems by 22.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company's stock valued at $89,595,000 after acquiring an additional 83,724 shares during the last quarter. LPL Financial LLC lifted its holdings in OSI Systems by 79.4% in the 1st quarter. LPL Financial LLC now owns 15,479 shares of the technology company's stock valued at $3,008,000 after acquiring an additional 6,853 shares during the last quarter. Wakefield Asset Management LLLP lifted its holdings in OSI Systems by 7.2% in the 1st quarter. Wakefield Asset Management LLLP now owns 7,015 shares of the technology company's stock valued at $1,363,000 after acquiring an additional 469 shares during the last quarter. Finally, Legato Capital Management LLC lifted its holdings in OSI Systems by 10.9% in the 1st quarter. Legato Capital Management LLC now owns 16,214 shares of the technology company's stock valued at $3,151,000 after acquiring an additional 1,598 shares during the last quarter. Institutional investors own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In related news, insider Glenn Grindstaff sold 688 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the transaction, the insider owned 8,354 shares in the company, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the completion of the transaction, the director owned 11,214 shares in the company, valued at $2,659,400.10. This represents a 8.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,371 shares of company stock valued at $9,784,380 in the last ninety days. 5.20% of the stock is currently owned by insiders.

OSI Systems Stock Down 0.7%

Shares of OSIS traded down $1.44 during trading hours on Friday, reaching $219.57. The company's stock had a trading volume of 158,793 shares, compared to its average volume of 224,934. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 1.27. OSI Systems, Inc. has a 1-year low of $129.18 and a 1-year high of $241.64. The company has a quick ratio of 1.38, a current ratio of 2.11 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $222.65 and a two-hundred day moving average of $206.97.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The firm had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. During the same quarter in the prior year, the company posted $2.16 earnings per share. The firm's revenue was up 9.5% on a year-over-year basis. As a group, research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OSIS has been the subject of a number of research analyst reports. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Roth Mkm upped their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. B. Riley reaffirmed a "buy" rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Oppenheimer upped their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company reduced their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.33.

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.