Xponance Inc. Invests $233,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Xponance Inc. acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,197 shares of the technology company's stock, valued at approximately $233,000.

Other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in OSI Systems during the first quarter worth approximately $234,000. QRG Capital Management Inc. increased its position in OSI Systems by 11.8% during the first quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock worth $563,000 after purchasing an additional 305 shares during the last quarter. Schroder Investment Management Group acquired a new position in OSI Systems during the fourth quarter worth approximately $472,000. Deutsche Bank AG increased its position in OSI Systems by 47.3% during 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 during the last quarter. Finally, Cibc World Markets Corp acquired a new position in OSI Systems during the fourth quarter worth approximately $248,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Analysts Set New Price Targets

OSIS has been the subject of several recent research reports. Roth Mkm increased their price objective 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. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Oppenheimer raised their price target on shares of 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 set 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 lowered their price target on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $228.33.

Insiders Place Their Bets

In other news, CFO Alan I. Edrick sold 20,000 shares of the business's 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 completion of the sale, the chief financial officer directly owned 284,953 shares in the company, valued at approximately $65,254,237. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Francis Ballhaus, Jr. sold 750 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $228.88, for a total transaction of $171,660.00. Following the transaction, the director owned 24,055 shares of the company's stock, valued at approximately $5,505,708.40. The trade was a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,371 shares of company stock valued at $9,784,380 in the last three months. Company insiders own 5.20% of the company's stock.

OSI Systems Price Performance

Shares of NASDAQ OSIS traded up $9.59 during midday trading on Wednesday, reaching $226.66. The company's stock had a trading volume of 147,054 shares, compared to its average volume of 206,063. The company has a 50 day moving average price of $223.28 and a 200 day moving average price of $204.26. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. 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 one year low of $129.18 and a one year high of $241.64.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.06. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The business had revenue of $444.35 million for the quarter, compared to the consensus estimate of $436.49 million. During the same period last year, the firm posted $2.16 earnings per share. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

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.