Capital International Investors Buys New Position in OSI Systems, Inc. (NASDAQ:OSIS)

Capital International Investors purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 580,890 shares of the technology company's stock, valued at approximately $97,258,000. Capital International Investors owned 3.46% of OSI Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. boosted its holdings in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Summit Investment Advisors Inc. grew its position in OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock worth $278,000 after purchasing an additional 74 shares during the last quarter. Truvestments Capital LLC lifted its holdings in OSI Systems by 4.9% in the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock worth $379,000 after purchasing an additional 105 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in OSI Systems in the fourth quarter worth about $25,000. Finally, Bank of Montreal Can increased its stake in OSI Systems by 7.7% in the 4th quarter. Bank of Montreal Can now owns 2,152 shares of the technology company's stock worth $360,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OSIS. Wells Fargo & Company lowered their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price objective for the company. Roth Mkm increased their target price on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. One equities research 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $213.33.

OSI Systems Stock Performance

Shares of OSI Systems stock traded up $8.73 during mid-day trading on Thursday, hitting $202.31. 125,865 shares of the stock were exchanged, compared to its average volume of 185,006. The company has a market capitalization of $3.40 billion, a P/E ratio of 26.04, a P/E/G 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. The company has a 50-day simple moving average of $193.08 and a 200 day simple moving average of $176.61. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction 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 transaction, the insider now directly owns 10,077 shares of the company's stock, valued at $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction on Monday, January 27th. The stock was 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 $979,150. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

About OSI Systems

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.