Inceptionr LLC Takes $943,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

Inceptionr LLC acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,635 shares of the technology company's stock, valued at approximately $943,000.

A number of other hedge funds also recently modified their holdings of OSIS. State Street Corp raised its stake in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock worth $110,485,000 after acquiring an additional 6,514 shares in the last quarter. Park Avenue Securities LLC raised its holdings in OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after purchasing an additional 1,660 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company's stock valued at $18,707,000 after buying an additional 25,262 shares during the period. HighTower Advisors LLC bought a new stake in shares of OSI Systems during the 3rd quarter valued at about $443,000. Finally, Citigroup Inc. boosted its holdings in shares of 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. Institutional investors own 89.21% of the company's stock.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction dated 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 approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the sale, the chief executive officer now owns 404,323 shares of the company's stock, valued at approximately $75,875,254.18. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,719 shares of company stock worth $5,208,248. 5.20% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

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

OSI Systems Trading Down 1.2 %

Shares of OSIS stock traded down $2.18 on Monday, hitting $180.52. 226,794 shares of the company's stock traded hands, compared to its average volume of 228,624. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.81 and a beta of 1.20. The company's fifty day simple moving average is $187.90 and its 200 day simple moving average is $166.37. OSI Systems, Inc. has a one year low of $126.57 and a one year 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 data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Equities analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current 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.