Informed Momentum Co LLC Buys Shares of 24,452 OSI Systems, Inc. (NASDAQ:OSIS)

Key Points

• Informed Momentum Co LLC invested $4.75 million in OSI Systems, acquiring 24,452 shares, which now make up about 0.8% of its overall portfolio.
• Several institutional investors have increased their stakes in OSI Systems, with Hohimer Wealth Management LLC growing their position by 4.2% and National Bank of Canada FI increasing it by 118.2% in the latest quarter.
• Analyst ratings for OSI Systems have improved, with Oppenheimer raising its price target to $260.00 and the stock receiving a consensus rating of "Moderate Buy."

Informed Momentum Co LLC bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 24,452 shares of the technology company's stock, valued at approximately $4,752,000. OSI Systems makes up 0.8% of Informed Momentum Co LLC's investment portfolio, making the stock its 16th largest position. Informed Momentum Co LLC owned approximately 0.15% of OSI Systems at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital International Investors bought a new stake in shares of OSI Systems during the fourth quarter worth approximately $97,258,000. Brown Advisory Inc. bought a new stake in OSI Systems in the fourth quarter valued at approximately $45,618,000. FMR LLC increased its stake in OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock valued at $141,965,000 after purchasing an additional 203,511 shares in the last quarter. Mawer Investment Management Ltd. increased its stake in OSI Systems by 22.2% in the first quarter. Mawer Investment Management Ltd. now owns 461,022 shares of the technology company's stock valued at $89,595,000 after purchasing an additional 83,724 shares in the last quarter. Finally, Nuveen LLC bought a new stake in OSI Systems in the first quarter valued at approximately $15,546,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OSI Systems

In related news, Director Meyer/ Luskin sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $237.15, for a total transaction of $237,150.00. Following the transaction, the director directly owned 11,214 shares of the company's stock, valued at approximately $2,659,400.10. This trade represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 750 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total transaction of $171,660.00. Following the transaction, the director directly owned 24,055 shares in the company, valued at approximately $5,505,708.40. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Analyst Upgrades and Downgrades

OSIS has been the subject of several recent analyst reports. Roth Mkm upped their target price 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. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Oppenheimer increased their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, B. Riley reissued a "buy" rating and set a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Stock Performance

OSIS stock traded down $2.56 during trading hours on Thursday, reaching $233.49. The stock had a trading volume of 133,695 shares, compared to its average volume of 220,642. The stock has a market capitalization of $3.92 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The stock has a 50-day simple moving average of $223.39 and a 200 day simple moving average of $210.47. OSI Systems, Inc. has a fifty-two week low of $129.84 and a fifty-two week high of $241.64.

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.