Two Sigma Investments LP Grows Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Two Sigma Investments LP raised its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 188.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,557 shares of the technology company's stock after purchasing an additional 17,342 shares during the period. Two Sigma Investments LP owned about 0.16% of OSI Systems worth $4,446,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd acquired a new stake in OSI Systems in the 4th quarter worth about $25,000. Richardson Financial Services Inc. boosted its holdings in 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 purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after buying an additional 195 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake 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 worth $108,000 after purchasing an additional 483 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after acquiring an additional 189 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OSIS has been the topic of several research analyst reports. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Roth Mkm upped their target price 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. Oppenheimer lifted their price objective on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. B. Riley reaffirmed a "buy" rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Finally, Wells Fargo & Company cut their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Trading Down 1.0%

Shares of OSI Systems stock traded down $2.20 on Friday, hitting $217.99. The stock had a trading volume of 215,941 shares, compared to its average volume of 194,701. The firm has a market capitalization of $3.66 billion, a P/E ratio of 28.06, a PEG ratio of 1.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $234.59. The stock has a 50 day moving average of $206.11 and a 200 day moving average of $190.67.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping 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 company had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same quarter in the prior year, the business posted $2.16 EPS. The firm's revenue was up 9.5% compared to the same quarter last year. Sell-side analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other news, CFO Alan I. Edrick sold 20,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total value of $4,580,000.00. Following the completion of the sale, the chief financial officer now directly owns 284,953 shares of the company's stock, valued at approximately $65,254,237. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Glenn Grindstaff sold 688 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the sale, the insider now owns 8,354 shares in the company, valued at approximately $1,878,731.06. The trade was a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,371 shares of company stock valued at $9,547,230 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Company 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.