First Eagle Investment Management LLC Purchases New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

First Eagle Investment Management LLC bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 35,900 shares of the technology company's stock, valued at approximately $6,011,000. First Eagle Investment Management LLC owned about 0.21% of OSI Systems at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OSIS. Richardson Financial Services Inc. raised its holdings in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after buying an additional 195 shares in the last quarter. KBC Group NV lifted its holdings in shares of OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after buying an additional 189 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock valued at $129,000 after buying an additional 207 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock worth $144,000 after acquiring an additional 383 shares during the period. Institutional investors and hedge funds own 89.21% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OSIS shares. Roth Mkm boosted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Oppenheimer upped their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Wednesday. B. Riley raised their price objective on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company boosted their target price on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $212.00.

OSI Systems Price Performance

OSI Systems stock traded down $5.40 during midday trading on Thursday, reaching $197.43. 323,315 shares of the company were exchanged, compared to its average volume of 168,923. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 1.81 and a beta of 1.20. 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 firm's 50-day simple moving average is $191.25 and its 200-day simple moving average is $168.32. OSI Systems, Inc. has a 1 year low of $126.57 and a 1 year high of $220.00.

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

Insider Activity at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares of the company's stock, valued at $979,150. The trade was a 35.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Keith Morben sold 155 shares of the stock in a transaction 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 trade 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 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.