Bank of America Corp DE Has $70.72 Million Position in OSI Systems, Inc. $OSIS

Key Points

• Bank of America reduced its OSI Systems stake by 8.5% in the first quarter, selling 24,878 shares and retaining 266,375 shares valued at approximately $70.72 million. Institutional investors and hedge funds collectively own 89.21% of the company.
• OSI Systems shares opened at $236.23, with a market capitalization of $3.89 billion. The stock has traded between $197.27 and $311.72 over the past year.
• Analysts maintain a generally positive outlook, with five Buy ratings and two Holds, an average rating of “Moderate Buy”, and an average price target of $291.86.

Bank of America Corp DE reduced its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 266,375 shares of the technology company's stock after selling 24,878 shares during the period. Bank of America Corp DE owned 1.62% of OSI Systems worth $70,725,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OSIS. Danske Bank A S acquired a new stake in shares of OSI Systems during the 3rd quarter valued at about $25,000. Group One Trading LLC bought a new stake in shares of OSI Systems in the 1st quarter valued at approximately $27,000. Private Trust Co. NA increased its holdings in OSI Systems by 179.5% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company's stock worth $31,000 after buying an additional 79 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in OSI Systems in the fourth quarter worth approximately $32,000. Finally, Caitong International Asset Management Co. Ltd raised its position in OSI Systems by 119.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company's stock valued at $43,000 after acquiring an additional 92 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Price Performance

OSIS opened at $236.23 on Monday. The firm has a market cap of $3.89 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.42 and a current ratio of 3.25. The business has a 50 day moving average price of $218.37 and a 200 day moving average price of $250.41. OSI Systems, Inc. has a twelve month low of $197.27 and a twelve month high of $311.72.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of analyst reports. Roth Capital reiterated a "buy" rating and issued a $310.00 target price on shares of OSI Systems in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of OSI Systems from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Bank of America reduced their price objective on shares of OSI Systems from $315.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Finally, Citigroup decreased their price objective on shares of OSI Systems from $345.00 to $279.00 and set a "buy" rating for the company in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, OSI Systems currently has an average rating of "Moderate Buy" and an average target price of $291.86.

OSI Systems Profile

OSI Systems, Inc NASDAQ: OSIS is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.

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