Fmr LLC Has $97.84 Million Stake in OSI Systems, Inc. (NASDAQ:OSIS)

FMR LLC lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 4,891.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,396 shares of the technology company's stock after acquiring an additional 631,486 shares during the period. FMR LLC owned approximately 3.86% of OSI Systems worth $97,839,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in OSIS. Quest Partners LLC acquired a new stake in shares of OSI Systems in the second quarter valued at approximately $40,000. Innealta Capital LLC bought a new stake in OSI Systems during the second quarter worth $82,000. International Assets Investment Management LLC raised its holdings in shares of OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after purchasing an additional 603 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of OSI Systems in the second quarter valued at approximately $160,000. Finally, nVerses Capital LLC bought a new position in OSI Systems during the third quarter worth $182,000. 89.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Manoocher M. Aliabadi sold 1,728 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, the insider now directly owns 80,603 shares of the company's stock, valued at $14,539,975.17. The trade was a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the sale, the director now directly owns 3,462 shares of the company's stock, valued at $479,175.42. This represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,835 shares of company stock worth $6,383,523. 5.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. B. Riley upped their price objective on OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a research note on Monday, September 30th. They issued a "buy" rating and a $175.00 price target on the stock. Roth Mkm upped their price objective on OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th. Finally, Wells Fargo & Company increased their target price on shares of OSI Systems from $170.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $173.00.

OSI Systems Trading Up 0.7 %

OSI Systems stock traded up $1.32 during trading hours on Friday, hitting $181.34. The stock had a trading volume of 152,585 shares, compared to its average volume of 132,791. The business's 50 day simple moving average is $151.67 and its 200-day simple moving average is $145.39. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $183.22. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.56 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same period in the prior year, the business posted $0.91 earnings per share. OSI Systems's quarterly revenue was up 23.2% on a year-over-year basis. On average, equities analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

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.