Public Sector Pension Investment Board Purchases 10,814 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Key Points

• The Public Sector Pension Investment Board has increased its stake in OSI Systems, Inc. by 27.9%, owning 49,579 shares valued at approximately $9.64 million.
• Several other hedge funds have also significantly increased their positions in OSI Systems, indicating a growing interest, with 89.21% of the stock owned by institutional investors and hedge funds.
• Wall Street analysts are optimistic about OSI Systems, with a consensus rating of "Moderate Buy" and a target price averaging $228.33.

Public Sector Pension Investment Board lifted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 27.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 49,579 shares of the technology company's stock after purchasing an additional 10,814 shares during the quarter. Public Sector Pension Investment Board owned 0.30% of OSI Systems worth $9,635,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OSIS. National Bank of Canada FI grew its holdings in shares of OSI Systems by 118.2% in the 1st quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock worth $28,000 after purchasing an additional 78 shares during the last quarter. Nisa Investment Advisors LLC increased its position in OSI Systems by 139.5% in the 1st 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. Quantessence Capital LLC acquired a new stake in OSI Systems in the 4th quarter valued at about $231,000. Xponance Inc. acquired a new stake in OSI Systems in the 1st quarter valued at about $233,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in OSI Systems in the 1st quarter valued at about $234,000. Institutional investors own 89.21% of the company's stock.

OSI Systems Trading Up 0.3%

Shares of NASDAQ:OSIS traded up $0.78 during mid-day trading on Friday, reaching $234.27. The stock had a trading volume of 135,965 shares, compared to its average volume of 138,136. The firm has a market cap of $3.93 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.31. The firm has a 50 day simple moving average of $223.54 and a two-hundred day simple moving average of $210.83. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. OSI Systems, Inc. has a twelve month low of $129.84 and a twelve month high of $241.64.

Analyst Upgrades and Downgrades

OSIS has been the subject of several research reports. B. Riley restated 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 raised their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Oppenheimer raised their price objective 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. Finally, Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

Insider Activity at OSI Systems

In other OSI Systems news, Director Meyer/ Luskin sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total transaction of $237,150.00. Following the sale, the director directly owned 11,214 shares in the company, valued at approximately $2,659,400.10. This trade represents a 8.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Francis Ballhaus, Jr. sold 750 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total transaction of $171,660.00. Following the sale, the director owned 24,055 shares in the company, valued at $5,505,708.40. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

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.