Occudo Quantitative Strategies LP Invests $500,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Occudo Quantitative Strategies LP bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,989 shares of the technology company's stock, valued at approximately $500,000.

A number of other institutional investors have also recently bought and sold shares of OSIS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OSI Systems by 19.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,189 shares of the technology company's stock worth $8,068,000 after acquiring an additional 7,936 shares during the period. Janus Henderson Group PLC raised its stake in shares of OSI Systems by 1.8% in the 4th 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 period. Clark Capital Management Group Inc. lifted its holdings in shares of OSI Systems by 19.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock valued at $60,729,000 after purchasing an additional 59,690 shares in the last quarter. Deutsche Bank AG boosted its position in shares of 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 buying an additional 6,277 shares during the period. Finally, Corton Capital Inc. acquired a new position in shares of OSI Systems during the fourth quarter worth about $281,000. Institutional investors own 89.21% of the company's stock.

Insiders Place Their Bets

In related news, CFO Alan I. Edrick sold 20,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was 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 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 through the SEC website. Also, insider Glenn Grindstaff sold 688 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the transaction, the insider now directly owns 8,354 shares in the company, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,621 shares of company stock valued at $9,375,570 over the last ninety days. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on OSIS. Wells Fargo & Company reduced their target price 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. B. Riley restated a "buy" rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. JPMorgan Chase & Co. assumed coverage on OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price objective for the company. StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a report on Friday. Finally, Oppenheimer raised their price target on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, OSI Systems presently has an average rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems Stock Performance

OSI Systems stock traded up $0.06 during midday trading on Tuesday, reaching $229.71. 12,314 shares of the company's stock were exchanged, compared to its average volume of 192,040. The stock's 50-day simple moving average is $200.79 and its 200 day simple moving average is $186.81. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 29.56, a P/E/G 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 52 week low of $129.18 and a 52 week high of $233.80.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued 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 company had revenue of $444.35 million during 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%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. On average, analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal 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.