PDT Partners LLC Invests $703,000 in OSI Systems, Inc. (NASDAQ:OSIS)

PDT Partners LLC bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 4,201 shares of the technology company's stock, valued at approximately $703,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC raised its stake in shares of OSI Systems by 252.3% in the third quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after acquiring an additional 25,437 shares in the last quarter. Franklin Resources Inc. raised its position in OSI Systems by 3.5% in the 3rd 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. Nordea Investment Management AB boosted its stake in shares of OSI Systems by 4.5% in the 4th quarter. Nordea Investment Management AB now owns 52,821 shares of the technology company's stock valued at $8,915,000 after buying an additional 2,270 shares during the period. Oliver Luxxe Assets LLC grew its position in shares of OSI Systems by 6.0% during the fourth quarter. Oliver Luxxe Assets LLC now owns 22,689 shares of the technology company's stock worth $3,799,000 after buying an additional 1,293 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after buying an additional 1,660 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Stock Performance

OSI Systems stock traded up $0.53 during mid-day trading on Friday, reaching $224.86. 443,039 shares of the company were exchanged, compared to its average volume of 188,188. The firm's 50-day simple moving average is $193.02 and its two-hundred day simple moving average is $179.80. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $227.34. The firm has a market cap of $3.78 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. 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 (NASDAQ:OSIS - Get Free Report) last issued its quarterly 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 return on equity of 18.22% and a net margin of 8.15%. The firm had revenue of $444.35 million during the quarter, compared to the consensus estimate of $436.49 million. During the same period last year, the company earned $2.16 earnings per share. The company's revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on OSIS shares. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 price target for the company. StockNews.com lowered OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Roth Mkm raised their price target on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company lowered their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, B. Riley reissued a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $222.50.

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.