SteelPeak Wealth LLC Acquires Shares of 4,039 OSI Systems, Inc. (NASDAQ:OSIS)

SteelPeak Wealth LLC acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,039 shares of the technology company's stock, valued at approximately $676,000.

Several other hedge funds have also bought and sold shares of the business. State Street Corp lifted its stake in shares of OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock worth $110,485,000 after buying an additional 6,514 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of OSI Systems by 36.0% in the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after buying an additional 1,660 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company's stock worth $18,707,000 after buying an additional 25,262 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of OSI Systems in the third quarter worth approximately $443,000. Finally, Citigroup Inc. lifted its stake in shares of OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock worth $4,148,000 after buying an additional 10,753 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the transaction, the insider now owns 80,603 shares of the company's stock, valued at approximately $14,539,975.17. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,447 shares of company stock valued at $8,117,582 over the last three months. Corporate insiders own 5.20% of the company's stock.

OSI Systems Price Performance

Shares of NASDAQ OSIS traded down $1.44 during midday trading on Monday, reaching $195.00. The stock had a trading volume of 323,188 shares, compared to its average volume of 229,792. The stock has a 50-day moving average of $175.66 and a 200-day moving average of $155.93. 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 company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 1.66 and a beta of 1.19. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $201.42.

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

Analyst Upgrades and Downgrades

OSIS has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. StockNews.com raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Tuesday, December 10th. B. Riley upped their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. Oppenheimer upped their target price 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. Finally, Roth Mkm upped their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $209.40.

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.