Level Four Advisory Services LLC Acquires 3,239 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Level Four Advisory Services LLC boosted its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 47.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,016 shares of the technology company's stock after purchasing an additional 3,239 shares during the period. Level Four Advisory Services LLC owned about 0.06% of OSI Systems worth $1,677,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA boosted its stake in shares of OSI Systems by 24.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,439 shares of the technology company's stock valued at $408,000 after purchasing an additional 485 shares in the last quarter. Norges Bank acquired a new stake in OSI Systems during the 4th quarter worth approximately $9,085,000. Bridge City Capital LLC grew its holdings in OSI Systems by 8.0% during the 4th quarter. Bridge City Capital LLC now owns 43,467 shares of the technology company's stock worth $7,278,000 after acquiring an additional 3,224 shares during the last quarter. LPL Financial LLC acquired a new position in OSI Systems in the 4th quarter valued at approximately $1,444,000. Finally, KLP Kapitalforvaltning AS acquired a new position in OSI Systems in the 4th quarter valued at approximately $586,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Insider Buying and Selling

In related news, insider Paul Keith Morben sold 155 shares of the 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

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OSI Systems Stock Down 7.9 %

NASDAQ:OSIS traded down $15.62 on Thursday, hitting $182.65. The stock had a trading volume of 55,805 shares, compared to its average volume of 175,669. The company has a market cap of $3.07 billion, a PE ratio of 23.51, a P/E/G ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00. The business's fifty day moving average is $198.22 and its 200 day moving average is $172.23. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

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 (EPS) for the quarter, beating the consensus estimate 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 expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Roth Mkm upped their price target on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research report on Friday, January 24th. B. Riley upped their target price on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. JPMorgan Chase & Co. started coverage on 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 downgraded shares of OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $212.00.

About OSI Systems

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.