Quantessence Capital LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,381 shares of the technology company's stock, valued at approximately $231,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of OSI Systems by 36.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after purchasing an additional 1,660 shares in the last quarter. Schroder Investment Management Group bought a new stake in shares of OSI Systems in the 4th quarter worth approximately $472,000. Barclays PLC grew its holdings in shares of OSI Systems by 252.3% during the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after purchasing an additional 25,437 shares during the last quarter. Register Financial Advisors LLC lifted its stake in OSI Systems by 128.0% in the fourth quarter. Register Financial Advisors LLC now owns 11,400 shares of the technology company's stock worth $1,909,000 after purchasing an additional 6,400 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of OSI Systems during the third quarter valued at about $16,713,000. 89.21% of the stock is currently owned by institutional investors.
Insider Buying and Selling at OSI Systems
In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.20% of the company's stock.
OSI Systems Stock Performance
Shares of NASDAQ:OSIS traded down $2.29 during trading on Monday, hitting $199.39. The company's stock had a trading volume of 57,958 shares, compared to its average volume of 242,565. The company has a 50-day moving average of $192.59 and a 200-day moving average of $177.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $220.00.
OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, sell-side analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on OSIS shares. Oppenheimer upped their price target on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective for the company. B. Riley raised their price target on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company dropped their price target 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.
Check Out Our Latest Stock Report on OSIS
OSI Systems Profile
(
Free Report)
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.
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