Corient Private Wealth LLC Makes New $907,000 Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Corient Private Wealth LLC purchased a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,418 shares of the technology company's stock, valued at approximately $907,000.

Several other institutional investors also recently modified their holdings of OSIS. Envestnet Portfolio Solutions Inc. purchased a new position in OSI Systems in the 4th quarter worth about $307,000. First Eagle Investment Management LLC acquired a new stake in shares of OSI Systems during the fourth quarter valued at approximately $6,011,000. Telemark Asset Management LLC purchased a new stake in shares of OSI Systems in the 4th quarter valued at approximately $8,372,000. Vestcor Inc boosted its stake in OSI Systems by 143.3% in the 4th quarter. Vestcor Inc now owns 2,019 shares of the technology company's stock worth $338,000 after purchasing an additional 1,189 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in OSI Systems by 14.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,722 shares of the technology company's stock worth $288,000 after purchasing an additional 221 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Roth Mkm increased their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. B. Riley lifted their target price on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. Finally, Oppenheimer raised their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, OSI Systems has a consensus rating of "Moderate Buy" and an average target price of $212.00.

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Insider Buying and Selling at OSI Systems

In related news, Director Gerald M. Chizever sold 2,701 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Up 0.5 %

Shares of OSI Systems stock traded up $1.02 during trading on Monday, hitting $194.34. 221,242 shares of the stock traded hands, compared to its average volume of 175,636. The stock has a market cap of $3.26 billion, a P/E ratio of 25.01, a PEG ratio of 1.81 and a beta of 1.20. The company has a fifty day moving average price of $197.19 and a two-hundred day moving average price of $171.70. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $220.00. 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 announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS 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.