Bryce Point Capital LLC Invests $947,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Bryce Point Capital LLC bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,655 shares of the technology company's stock, valued at approximately $947,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Citigroup Inc. increased its stake in OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock worth $4,148,000 after buying an additional 10,753 shares in the last quarter. FMR LLC raised its stake in OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after purchasing an additional 631,486 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in OSI Systems by 44.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,710 shares of the technology company's stock valued at $2,689,000 after purchasing an additional 5,468 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of OSI Systems by 28.9% during the third quarter. Benjamin Edwards Inc. now owns 2,791 shares of the technology company's stock worth $424,000 after buying an additional 626 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of OSI Systems in the third quarter worth about $443,000. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Trading Up 3.7 %

OSI Systems stock traded up $6.59 during midday trading on Tuesday, reaching $185.36. 51,884 shares of the stock traded hands, compared to its average volume of 178,578. The firm has a market cap of $3.11 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $197.16 and a two-hundred day simple moving average of $173.10. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00.

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OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating 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%. Research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of analyst reports. Oppenheimer lifted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Wells Fargo & Company raised their target price on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. 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 report on Friday, January 24th. Finally, JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Insiders Place Their Bets

In related news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction that occurred 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 completion of the transaction, the director now owns 5,000 shares in the company, valued at $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

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.