M&T Bank Corp Acquires Shares of 1,793 OSI Systems, Inc. (NASDAQ:OSIS)

M&T Bank Corp purchased a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,793 shares of the technology company's stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of OSIS. Victory Capital Management Inc. grew its holdings in OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company's stock valued at $18,707,000 after purchasing an additional 25,262 shares during the last quarter. Quest Partners LLC grew its holdings in OSI Systems by 6,419.0% during the 3rd quarter. Quest Partners LLC now owns 18,905 shares of the technology company's stock valued at $2,870,000 after purchasing an additional 18,615 shares during the last quarter. Intech Investment Management LLC boosted its position in OSI Systems by 31.6% in the 3rd quarter. Intech Investment Management LLC now owns 5,411 shares of the technology company's stock valued at $822,000 after buying an additional 1,300 shares during the period. Primecap Management Co. CA boosted its position in OSI Systems by 4.9% in the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company's stock valued at $44,714,000 after buying an additional 13,880 shares during the period. Finally, Citigroup Inc. boosted its position in OSI Systems by 64.9% in the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock valued at $4,148,000 after buying an additional 10,753 shares during the period. 89.21% of the stock is currently owned by institutional investors.

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Insider Activity at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $528,936.83. Following the transaction, the director now owns 5,000 shares in the company, valued at $979,150. The trade was a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OSIS has been the subject of several research reports. Roth Mkm boosted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Oppenheimer boosted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the company 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 research report on Friday, January 24th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price objective for the company. Finally, StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $212.00.

OSI Systems Stock Up 1.9 %

Shares of OSIS traded up $3.50 during mid-day trading on Tuesday, hitting $192.67. The company's stock had a trading volume of 240,901 shares, compared to its average volume of 166,699. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The company's 50-day moving average is $189.76 and its 200-day moving average is $167.77. 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 firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS 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, equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal 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.