Nicholas Investment Partners LP Acquires 1,619 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Nicholas Investment Partners LP increased its position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,299 shares of the technology company's stock after buying an additional 1,619 shares during the quarter. Nicholas Investment Partners LP owned 0.29% of OSI Systems worth $8,087,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in OSIS. Barclays PLC grew its position in OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock worth $5,392,000 after buying an additional 25,437 shares in the last quarter. Franklin Resources Inc. boosted its holdings in OSI Systems by 3.5% during the third quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company's stock valued at $1,429,000 after purchasing an additional 324 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock valued at $1,051,000 after purchasing an additional 1,660 shares in the last quarter. Avanza Fonder AB acquired a new stake in OSI Systems during the fourth quarter valued at approximately $370,000. Finally, Wedge Capital Management L L P NC boosted its holdings in OSI Systems by 9.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 32,436 shares of the technology company's stock valued at $5,431,000 after purchasing an additional 2,710 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Price Performance

Shares of OSIS traded up $4.02 on Friday, hitting $232.00. The company's stock had a trading volume of 185,495 shares, compared to its average volume of 192,627. The company has a market capitalization of $3.90 billion, a PE ratio of 29.86, a PEG ratio of 1.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $233.80. The company has a 50 day moving average price of $199.83 and a 200 day moving average price of $185.41.

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

Insider Buying and Selling

In related news, CFO Alan I. Edrick sold 20,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 284,953 shares in the company, valued at $65,254,237. The trade was a 6.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Glenn Grindstaff sold 688 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the completion of the transaction, the insider now owns 8,354 shares of the company's stock, valued at $1,878,731.06. This trade represents a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,621 shares of company stock worth $9,375,570 in the last quarter. Insiders own 5.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on OSIS. Wells Fargo & Company decreased their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. B. Riley reaffirmed a "buy" rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a report on Friday. 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. Finally, Roth Mkm lifted their price objective on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $228.33.

About OSI Systems

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.