Oak Ridge Investments LLC Takes Position in OSI Systems, Inc. $OSIS

Key Points

• Oak Ridge Investments LLC purchased a new stake of 9,759 shares (~$2.49M) in OSI Systems during Q4, equal to about 0.06% ownership.
• Institutional ownership is high at 89.21%, with major funds (Mawer, UBS, Two Sigma, MIRAE) recently increasing or initiating positions, signaling broad institutional accumulation.
• Analysts are generally positive—average rating Buy with a consensus price target of $294—and OSI recently beat EPS and revenue estimates while trading near its one‑year high.

Oak Ridge Investments LLC purchased a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,759 shares of the technology company's stock, valued at approximately $2,489,000. Oak Ridge Investments LLC owned 0.06% of OSI Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of OSIS. Mawer Investment Management Ltd. increased its position in shares of OSI Systems by 67.0% during the third quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company's stock valued at $213,445,000 after buying an additional 343,727 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OSI Systems in the third quarter worth approximately $40,222,000. UBS Group AG increased its position in shares of OSI Systems by 63.8% in the third quarter. UBS Group AG now owns 316,334 shares of the technology company's stock worth $78,843,000 after purchasing an additional 123,212 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of OSI Systems in the second quarter worth approximately $13,576,000. Finally, Two Sigma Investments LP increased its position in shares of OSI Systems by 107.6% in the third quarter. Two Sigma Investments LP now owns 59,065 shares of the technology company's stock worth $14,721,000 after purchasing an additional 30,617 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of OSI Systems from a "buy (b)" rating to a "buy (a-)" rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. upped their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Roth Mkm upped their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. Finally, B. Riley Financial upped their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $294.00.

Insider Buying and Selling at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the completion of the sale, the director owned 273,044 shares of the company's stock, valued at approximately $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.30% of the company's stock.

OSI Systems Stock Up 1.4%

Shares of OSIS opened at $297.45 on Tuesday. The firm has a market cap of $4.90 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.40 and a beta of 1.34. The stock has a 50 day simple moving average of $277.26 and a two-hundred day simple moving average of $268.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. OSI Systems, Inc. has a 1 year low of $185.23 and a 1 year high of $306.12.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.06. The business had revenue of $464.06 million during the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.OSI Systems's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.42 earnings per share. On average, analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

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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