Deutsche Bank AG Increases Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Deutsche Bank AG boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,539 shares of the technology company's stock after purchasing an additional 6,277 shares during the period. Deutsche Bank AG owned about 0.12% of OSI Systems worth $3,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OSIS. Aster Capital Management DIFC Ltd bought a new stake in OSI Systems in the fourth quarter worth about $25,000. Richardson Financial Services Inc. raised its stake in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after buying an additional 61 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after buying an additional 195 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of OSI Systems by 241.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after buying an additional 483 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Price Performance

Shares of OSIS stock traded down $1.24 during trading hours on Monday, reaching $227.44. The stock had a trading volume of 115,768 shares, compared to its average volume of 193,505. The stock's fifty day simple moving average is $204.72 and its 200 day simple moving average is $189.77. The firm has a market capitalization of $3.82 billion, a PE ratio of 29.27, a PEG ratio of 1.81 and a beta of 1.28. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $233.80.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results 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. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The business had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. During the same period last year, the firm posted $2.16 earnings per share. OSI Systems's quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analyst Ratings Changes

OSIS has been the topic of a number of research reports. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Wells Fargo & Company lowered their price target 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. Oppenheimer raised their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Roth Mkm lifted their price objective 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $228.33.

Insiders Place Their Bets

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the sale, the director now owns 24,805 shares of the company's stock, valued at $5,451,394.85. This represents a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Alan I. Edrick sold 20,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the completion of the sale, the chief financial officer now directly owns 284,953 shares in the company, valued at approximately $65,254,237. This trade represents a 6.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,371 shares of company stock valued at $9,547,230 over the last 90 days. Insiders own 5.20% of the company's stock.

About OSI Systems

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.