Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in OSI Systems, Inc. (NASDAQ:OSIS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new stake in OSI Systems, purchasing 11,301 shares valued at approximately $2.2 million, representing about 0.07% of the company.
• Insider activity includes sales by key executives, with Glenn Grindstaff selling 688 shares and William Francis Ballhaus, Jr. selling 933 shares, marking a decrease in their positions.
• Analyst ratings for OSI Systems have improved, with upgrades from several analysts, including a price target increase from $224.00 to $260.00, suggesting a positive outlook on the stock.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,301 shares of the technology company's stock, valued at approximately $2,196,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of OSI Systems at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OSIS. Sequoia Financial Advisors LLC bought a new position in shares of OSI Systems during the first quarter valued at approximately $234,000. QRG Capital Management Inc. grew its stake in shares of OSI Systems by 11.8% during the first quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock valued at $563,000 after buying an additional 305 shares during the last quarter. Schroder Investment Management Group bought a new position in shares of OSI Systems during the fourth quarter valued at approximately $472,000. Deutsche Bank AG grew its stake in OSI Systems by 47.3% in the fourth quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock worth $3,271,000 after purchasing an additional 6,277 shares in the last quarter. Finally, Norges Bank bought a new position in OSI Systems in the fourth quarter worth approximately $9,085,000. 89.21% of the stock is owned by institutional investors.

OSI Systems Stock Down 0.7%

OSI Systems stock traded down $1.44 during mid-day trading on Friday, reaching $219.57. 158,793 shares of the company were exchanged, compared to its average volume of 161,176. The business has a fifty day moving average of $222.49 and a 200 day moving average of $207.39. 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 firm has a market cap of $3.69 billion, a P/E ratio of 26.71, a PEG ratio of 1.87 and a beta of 1.27. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $241.64.

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 the consensus estimate of $2.38 by $0.06. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The firm had revenue of $444.35 million during 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 business's revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total transaction of $237,150.00. Following the completion of the sale, the director owned 11,214 shares in the company, valued at approximately $2,659,400.10. This represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Alan I. Edrick sold 20,000 shares of the stock in a transaction on 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 sale, the chief financial officer owned 284,953 shares of the company's stock, valued at approximately $65,254,237. This represents a 6.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,371 shares of company stock worth $9,784,380. Company insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

OSIS has been the topic of several research analyst reports. Roth Mkm increased their price objective on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Oppenheimer increased their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Wells Fargo & Company dropped their price objective 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. B. Riley reissued a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Finally, Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, OSI Systems presently has an average rating of "Moderate Buy" and a consensus price target 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.