3,500 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,500 shares of the technology company's stock, valued at approximately $586,000.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of OSI Systems by 4,891.4% in the third 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 in the last quarter. World Investment Advisors LLC purchased a new stake in OSI Systems in the 3rd quarter valued at $16,713,000. Boston Partners lifted its stake in OSI Systems by 34.7% during the 4th quarter. Boston Partners now owns 237,882 shares of the technology company's stock valued at $39,911,000 after acquiring an additional 61,304 shares in the last quarter. Swedbank AB purchased a new position in OSI Systems during the 4th quarter worth $8,372,000. Finally, Telemark Asset Management LLC bought a new stake in shares of OSI Systems in the 4th quarter worth $8,372,000. Institutional investors own 89.21% of the company's stock.

OSI Systems Stock Performance

NASDAQ OSIS traded up $4.31 on Monday, hitting $178.77. 338,344 shares of the stock traded hands, compared to its average volume of 179,072. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.81 and a beta of 1.19. The business's fifty day moving average is $197.16 and its two-hundred day moving average is $173.10. 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, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00.

Remove Ads

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OSIS. Wells Fargo & Company raised their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Roth Mkm boosted their target price on OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. B. Riley increased their price target on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, January 24th. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Finally, Oppenheimer raised their target price on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. One research 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. Based on data from MarketBeat, OSI Systems has an average rating of "Moderate Buy" and an average target price of $212.00.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of OSI Systems 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 approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now directly owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.