GAMMA Investing LLC Buys 30,980 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

GAMMA Investing LLC grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 27,175.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,094 shares of the technology company's stock after acquiring an additional 30,980 shares during the period. GAMMA Investing LLC owned 0.19% of OSI Systems worth $6,043,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OSIS. Aster Capital Management DIFC Ltd bought a new position in OSI Systems in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC grew its position in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after acquiring an additional 195 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in OSI Systems by 241.5% in 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 during the last quarter. Parkside Financial Bank & Trust grew its position in OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock valued at $129,000 after acquiring an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock valued at $144,000 after acquiring an additional 383 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at OSI Systems

In other news, 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 transaction of $4,435,800.00. Following the transaction, the chairman now directly owns 339,478 shares of the company's stock, valued at $75,292,825.62. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the sale, the director now owns 24,805 shares of the company's stock, valued at $5,451,394.85. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,371 shares of company stock valued at $9,784,380. 5.20% of the stock is currently owned by company insiders.

OSI Systems Trading Down 3.0%

Shares of OSI Systems stock traded down $7.04 during midday trading on Friday, reaching $229.54. The company had a trading volume of 247,457 shares, compared to its average volume of 199,277. The stock has a fifty day moving average price of $213.05 and a 200 day moving average price of $195.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a market cap of $3.85 billion, a PE ratio of 29.54, a P/E/G ratio of 1.81 and a beta of 1.28. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $241.64.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. The company had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.16 earnings per share. On average, equities analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on OSIS. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Wells Fargo & Company decreased their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. B. Riley restated a "buy" rating and set a $255.00 price target (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Oppenheimer boosted their price target on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. assumed coverage on OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.