OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Primecap Management Co. CA

Primecap Management Co. CA lifted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 294,500 shares of the technology company's stock after buying an additional 13,880 shares during the period. Primecap Management Co. CA owned approximately 1.76% of OSI Systems worth $44,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of OSI Systems by 2.2% during the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company's stock worth $623,000 after purchasing an additional 97 shares in the last quarter. Louisiana State Employees Retirement System increased its position in OSI Systems by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company's stock valued at $1,086,000 after buying an additional 100 shares in the last quarter. US Bancorp DE raised its stake in OSI Systems by 4.8% in the third quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock valued at $367,000 after buying an additional 111 shares during the last quarter. Inspire Investing LLC boosted its holdings in OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company's stock worth $416,000 after acquiring an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of OSI Systems by 5.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company's stock worth $536,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. B. Riley raised their target price on OSI Systems from $165.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Bank of America assumed coverage on OSI Systems in a research report on Monday, September 30th. They set a "buy" rating and a $175.00 price target for the company. Finally, Roth Mkm increased their price objective on OSI Systems from $172.00 to $178.00 and gave the company a "buy" rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $173.00.

OSI Systems Stock Performance

NASDAQ OSIS traded down $0.42 on Friday, reaching $164.91. 174,500 shares of the company's stock traded hands, compared to its average volume of 126,358. OSI Systems, Inc. has a fifty-two week low of $117.07 and a fifty-two week high of $168.68. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 21.58, a P/E/G ratio of 1.33 and a beta of 1.10. The stock has a 50 day moving average price of $145.75 and a 200-day moving average price of $142.70.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analysts' expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company's revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 EPS. Equities research analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, the director now directly owns 3,462 shares of the company's stock, valued at $479,175.42. This represents a 46.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Deepak Chopra sold 20,000 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $144.92, for a total value of $2,898,400.00. Following the sale, the chief executive officer now owns 459,033 shares in the company, valued at $66,523,062.36. This trade represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,107 shares of company stock worth $6,071,809. Corporate 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.