Concurrent Investment Advisors LLC Makes New Investment in OSI Systems, Inc. $OSIS

Concurrent Investment Advisors LLC acquired 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. The firm acquired 4,292 shares of the technology company's stock, valued at approximately $1,095,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OSIS. Royal Bank of Canada grew its stake in shares of OSI Systems by 519.8% in the 1st quarter. Royal Bank of Canada now owns 10,257 shares of the technology company's stock worth $1,993,000 after buying an additional 8,602 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of OSI Systems by 64.2% in the 1st quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company's stock worth $2,265,000 after buying an additional 4,558 shares in the last quarter. Strs Ohio purchased a new position in shares of OSI Systems in the 1st quarter worth $97,000. Amundi grew its stake in shares of OSI Systems by 76,360.0% in the 2nd quarter. Amundi now owns 3,823 shares of the technology company's stock worth $874,000 after buying an additional 3,818 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of OSI Systems in the 2nd quarter worth $801,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup assumed coverage on shares of OSI Systems in a research note on Wednesday, April 15th. They set a "buy" rating and a $345.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of OSI Systems from $255.00 to $262.00 and gave the stock a "neutral" rating in a research note on Monday, February 2nd. Weiss Ratings cut shares of OSI Systems from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Wednesday, April 15th. Roth Mkm lifted their price target on shares of OSI Systems from $292.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Finally, B. Riley Financial lifted their price target on shares of OSI Systems from $300.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $301.29.

OSI Systems Price Performance

OSIS stock opened at $286.92 on Friday. OSI Systems, Inc. has a 12 month low of $204.00 and a 12 month high of $311.72. The company has a current ratio of 3.15, a quick ratio of 2.31 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average price of $284.40 and a 200 day moving average price of $273.02. The stock has a market cap of $4.73 billion, a PE ratio of 32.49, a P/E/G ratio of 2.30 and a beta of 1.34.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.52 by $0.06. The firm had revenue of $464.06 million during the quarter, compared to analysts' expectations of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.42 EPS. Equities research analysts anticipate that OSI Systems, Inc. will post 10.46 earnings per share for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the business's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the sale, the director directly owned 273,044 shares of the company's stock, valued at $68,509,470.04. The trade was a 6.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.30% of the stock is currently owned by company insiders.

OSI Systems Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.