Premier Fund Managers Ltd Invests $806,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Premier Fund Managers Ltd acquired a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,174 shares of the technology company's stock, valued at approximately $806,000.

Several other large investors also recently made changes to their positions in OSIS. State of Wyoming raised its position in OSI Systems by 1.9% during the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company's stock valued at $452,000 after acquiring an additional 51 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock valued at $1,574,000 after purchasing an additional 61 shares during the period. Summit Investment Advisors Inc. raised its position in shares of OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock valued at $278,000 after purchasing an additional 74 shares during the period. Hohimer Wealth Management LLC raised its position in shares of OSI Systems by 4.2% in the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company's stock valued at $374,000 after purchasing an additional 77 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of OSI Systems by 2.8% in the fourth quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company's stock valued at $701,000 after purchasing an additional 112 shares during the period. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Down 0.7%

NASDAQ OSIS traded down $1.44 during trading on Friday, hitting $219.57. The stock had a trading volume of 158,793 shares, compared to its average volume of 224,934. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $241.64. The company has a market capitalization of $3.69 billion, a PE ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 1.27. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 2.11. The company's 50-day moving average price is $222.65 and its two-hundred day moving average price is $206.97.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 EPS 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 return on equity of 18.37% and a net margin of 8.38%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.16 EPS. As a group, sell-side analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OSIS. Oppenheimer lifted their price target on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Roth Mkm lifted their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, B. Riley reaffirmed a "buy" rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

Insider Activity

In related news, Chairman Deepak Chopra sold 20,000 shares of the company's stock in a transaction 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 completion of the sale, the chairman directly owned 339,478 shares in the company, valued at $75,292,825.62. This represents a 5.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Glenn Grindstaff sold 688 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,371 shares of company stock worth $9,784,380. 5.20% of the stock is owned by insiders.

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.