Mawer Investment Management Ltd. Acquires Shares of 377,298 OSI Systems, Inc. (NASDAQ:OSIS)

Mawer Investment Management Ltd. acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 377,298 shares of the technology company's stock, valued at approximately $63,171,000. Mawer Investment Management Ltd. owned 2.25% of OSI Systems as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Citigroup Inc. raised its position in shares of OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock valued at $4,148,000 after purchasing an additional 10,753 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in OSI Systems in the 3rd quarter valued at about $354,000. FMR LLC lifted its position in OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company's stock worth $97,839,000 after acquiring an additional 631,486 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of OSI Systems by 44.7% during the third quarter. BNP Paribas Financial Markets now owns 17,710 shares of the technology company's stock worth $2,689,000 after acquiring an additional 5,468 shares during the period. Finally, Glenmede Trust Co. NA grew its position in shares of OSI Systems by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 7,999 shares of the technology company's stock valued at $1,214,000 after purchasing an additional 354 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price objective on the stock. Oppenheimer raised their price target 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. B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company lifted 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. 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $212.00.

OSI Systems Price Performance

OSIS traded down $12.45 on Thursday, reaching $185.82. The stock had a trading volume of 76,742 shares, compared to its average volume of 175,881. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The firm has a 50-day moving average of $198.22 and a 200-day moving average of $172.23.

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

Insider Activity

In related news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the company's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $979,150. The trade was a 35.07 % 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.