Mawer Investment Management Ltd. Has $89.60 Million Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Key Points

• Mawer Investment Management Ltd. increased its stake in OSI Systems by 22.2% during the first quarter, owning approximately $89.6 million worth of shares.
• OSI Systems reported an earnings per share (EPS) of $2.44 for the quarter, surpassing analyst expectations of $2.38.
• Several analysts have upgraded their ratings on OSI Systems, with B. Riley setting a new price target of $255 and Oppenheimer raising theirs to $260.

Mawer Investment Management Ltd. grew its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 22.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 461,022 shares of the technology company's stock after buying an additional 83,724 shares during the quarter. Mawer Investment Management Ltd. owned 2.74% of OSI Systems worth $89,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OSIS. Aster Capital Management DIFC Ltd purchased a new stake in shares of OSI Systems in the fourth quarter worth $25,000. Nisa Investment Advisors LLC grew its stake in OSI Systems by 139.5% during the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock valued at $38,000 after acquiring an additional 113 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after acquiring an additional 483 shares in the last quarter. Xponance Inc. purchased a new position in OSI Systems during the first quarter valued at $233,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of OSI Systems in the 1st quarter worth $234,000. Institutional investors own 89.21% of the company's stock.

Insider Buying and Selling at OSI Systems

In other news, insider Glenn Grindstaff sold 688 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the transaction, the insider owned 8,354 shares of the company's stock, valued at $1,878,731.06. This represents a 7.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Deepak Chopra sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman owned 339,478 shares of the company's stock, valued at approximately $75,292,825.62. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,371 shares of company stock worth $9,784,380. Insiders own 5.20% of the company's stock.

OSI Systems Stock Down 0.7%

Shares of NASDAQ OSIS traded down $1.51 during midday trading on Friday, hitting $219.50. The company's stock had a trading volume of 102,605 shares, compared to its average volume of 224,516. The business's fifty day simple moving average is $222.65 and its two-hundred day simple moving average is $206.97. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 26.74, a price-to-earnings-growth 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 debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Oppenheimer boosted their price target on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. B. Riley reaffirmed a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Roth Mkm lifted their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, OSI Systems has an average rating of "Moderate Buy" and a consensus 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.