Proficio Capital Partners LLC Purchases New Position in OSI Systems, Inc. (NASDAQ:OSIS)

Proficio Capital Partners LLC acquired a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,468 shares of the technology company's stock, valued at approximately $4,934,000. Proficio Capital Partners LLC owned approximately 0.18% of OSI Systems at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of OSIS. FMR LLC boosted its holdings in OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after acquiring an additional 631,486 shares during the period. World Investment Advisors LLC bought a new stake in OSI Systems during the third quarter valued at about $16,713,000. Swedbank AB bought a new stake in OSI Systems during the fourth quarter valued at about $8,372,000. Edgestream Partners L.P. bought a new stake in OSI Systems during the third quarter valued at about $5,061,000. Finally, Systematic Financial Management LP raised its position in shares of OSI Systems by 13.4% during the third quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company's stock valued at $40,135,000 after buying an additional 31,269 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Trading Down 2.7 %

OSIS traded down $5.40 during trading on Thursday, reaching $197.43. 323,178 shares of the company's stock were exchanged, compared to its average volume of 168,922. The company's fifty day moving average price is $191.25 and its 200-day moving average price is $168.32. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The firm has a market capitalization of $3.32 billion, a PE ratio of 25.41, a P/E/G ratio of 1.81 and a beta of 1.20.

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OSI Systems (NASDAQ:OSIS - Get Free Report) last announced 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%. As a group, equities analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OSIS shares. Roth Mkm upped 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. B. Riley lifted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. StockNews.com upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Wednesday. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target for the company. Finally, Oppenheimer raised their price target on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, OSI Systems has an average rating of "Moderate Buy" and an average target price of $212.00.

Insider Activity at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company's stock, valued at $2,008,950.72. The trade was a 1.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, the director now directly owns 5,000 shares in the company, valued at $979,150. This trade 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 insiders.

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.