54,260 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Purchased by Norges Bank

Norges Bank bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 54,260 shares of the technology company's stock, valued at approximately $9,085,000. Norges Bank owned 0.32% of OSI Systems as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its stake in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its position in OSI Systems by 243.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after acquiring an additional 195 shares in the last quarter. KBC Group NV increased its stake in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after purchasing an additional 189 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of OSI Systems by 36.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock worth $129,000 after purchasing an additional 207 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock valued at $144,000 after purchasing an additional 383 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

Wall Street Analyst Weigh In

OSIS has been the topic of several recent research reports. B. Riley upped their target price on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Roth Mkm increased 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. JPMorgan Chase & Co. began coverage on OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 target price for the company. Wells Fargo & Company cut their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Oppenheimer lifted their price objective on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $213.33.

OSI Systems Stock Up 2.7 %

NASDAQ OSIS traded up $5.07 during trading on Friday, reaching $189.51. 180,216 shares of the company's stock were exchanged, compared to its average volume of 183,080. OSI Systems, Inc. has a 1 year low of $126.57 and a 1 year high of $220.00. The stock has a market cap of $3.18 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company has a 50 day moving average price of $195.65 and a two-hundred day moving average price of $174.52.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its 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%. On average, equities research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was 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 approximately $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was 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 trade represents a 1.51 % 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 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.