Primecap Management Co. CA Purchases 3,210 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Primecap Management Co. CA lifted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,710 shares of the technology company's stock after buying an additional 3,210 shares during the quarter. Primecap Management Co. CA owned approximately 1.77% of OSI Systems worth $49,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of OSIS. Richardson Financial Services Inc. lifted its holdings 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 worth $26,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after purchasing an additional 195 shares in the last quarter. KBC Group NV raised its stake in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock valued at $129,000 after purchasing an additional 207 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in 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 in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the firm's 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 completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OSIS. StockNews.com raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Wednesday. Wells Fargo & Company raised their target price on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Roth Mkm increased their price target 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. B. Riley raised their target price on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Oppenheimer raised their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $212.00.

OSI Systems Trading Down 1.8 %

OSIS stock traded down $3.65 on Friday, reaching $193.78. The company's stock had a trading volume of 337,321 shares, compared to its average volume of 170,122. 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 firm has a market cap of $3.26 billion, a PE ratio of 24.94, a PEG ratio of 1.81 and a beta of 1.20. The business has a fifty day simple moving average of $192.85 and a two-hundred day simple moving average of $168.82. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00.

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

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.