OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 6,419.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,905 shares of the technology company's stock after buying an additional 18,615 shares during the quarter. Quest Partners LLC owned 0.11% of OSI Systems worth $2,870,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in OSI Systems in the first quarter valued at about $921,000. Renaissance Technologies LLC boosted its stake in shares of OSI Systems by 79.8% during the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company's stock valued at $3,532,000 after buying an additional 11,400 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of OSI Systems by 71.2% during the third quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company's stock worth $4,080,000 after buying an additional 11,173 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of OSI Systems by 713.1% during the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company's stock worth $13,470,000 after buying an additional 85,904 shares in the last quarter. Finally, Truist Financial Corp bought a new stake in shares of OSI Systems in the second quarter worth $601,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at OSI Systems

In other news, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the firm's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 41,107 shares of company stock worth $6,071,809 in the last 90 days. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

Shares of NASDAQ:OSIS traded up $1.52 during trading hours on Monday, hitting $152.22. The stock had a trading volume of 371,027 shares, compared to its average volume of 124,840. The stock's fifty day simple moving average is $144.31 and its 200 day simple moving average is $142.18. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.30 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. OSI Systems, Inc. has a 1-year low of $117.07 and a 1-year high of $158.69.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on OSIS shares. Wells Fargo & Company increased their price objective 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. Roth Mkm increased their price target on shares of OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. B. Riley boosted their price objective on OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Finally, Bank of America initiated coverage on OSI Systems in a report on Monday, September 30th. They set a "buy" rating and a $175.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.00.

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.