Avanza Fonder AB Takes Position in OSI Systems, Inc. (NASDAQ:OSIS)

Avanza Fonder AB bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,207 shares of the technology company's stock, valued at approximately $370,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after acquiring an additional 603 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of OSI Systems in the 3rd quarter worth about $182,000. EverSource Wealth Advisors LLC raised its stake in shares of OSI Systems by 235.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,331 shares of the technology company's stock valued at $197,000 after purchasing an additional 934 shares in the last quarter. Hohimer Wealth Management LLC bought a new position in shares of OSI Systems during the third quarter worth about $264,000. Finally, Magnetar Financial LLC acquired a new position in OSI Systems in the second quarter worth about $277,000. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Stock Performance

Shares of OSI Systems stock traded down $1.44 on Monday, reaching $166.56. 195,488 shares of the company were exchanged, compared to its average volume of 154,778. OSI Systems, Inc. has a 1-year low of $121.30 and a 1-year high of $189.13. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 1.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The company's 50-day moving average is $169.20 and its two-hundred day moving average is $152.68.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million for the quarter, compared to analysts' expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. As a group, research analysts expect that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on OSIS shares. StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Bank of America began coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a "buy" rating and a $175.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $179.00.

Insider Buying and Selling at OSI Systems

In related news, Director Gerald M. Chizever sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total transaction of $296,320.00. Following the sale, the director now owns 7,701 shares of the company's stock, valued at $1,140,980.16. The trade was a 20.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Alan I. Edrick sold 2,354 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the sale, the chief financial officer now owns 312,444 shares of the company's stock, valued at $58,870,698.48. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,591 shares of company stock worth $7,557,745. 5.20% of the stock is owned by company insiders.

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.