OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 61.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,018 shares of the technology company's stock after acquiring an additional 3,820 shares during the period. Voloridge Investment Management LLC owned about 0.06% of OSI Systems worth $1,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in OSI Systems by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock valued at $206,072,000 after purchasing an additional 21,637 shares during the last quarter. FMR LLC raised its position in shares of OSI Systems by 31.6% in the 4th quarter. FMR LLC now owns 847,907 shares of the technology company's stock valued at $141,965,000 after purchasing an additional 203,511 shares in the last quarter. Capital International Investors purchased a new position in shares of OSI Systems during the 4th quarter valued at approximately $97,258,000. Mawer Investment Management Ltd. purchased a new position in shares of OSI Systems during the 4th quarter valued at approximately $63,171,000. Finally, Clark Capital Management Group Inc. grew its position in shares of OSI Systems by 19.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock worth $60,729,000 after buying an additional 59,690 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at OSI Systems

In related news, CFO Alan I. Edrick sold 20,000 shares of the 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 sale, the chief financial officer now owns 284,953 shares of the company's stock, valued at $65,254,237. This trade represents a 6.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the sale, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,371 shares of company stock worth $9,547,230 over the last ninety days. Company insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Roth Mkm boosted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wells Fargo & Company cut their target price 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. Oppenheimer increased their price target on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, B. Riley reiterated a "buy" rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, OSI Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Stock Performance

OSIS stock traded down $1.63 during trading on Monday, hitting $217.48. 254,446 shares of the company's stock traded hands, compared to its average volume of 195,404. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. OSI Systems, Inc. has a 52 week low of $129.18 and a 52 week high of $234.59. The stock has a fifty day moving average price of $206.73 and a two-hundred day moving average price of $192.12. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

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

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.