Telemark Asset Management LLC Acquires New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Telemark Asset Management LLC acquired a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,000 shares of the technology company's stock, valued at approximately $8,372,000. Telemark Asset Management LLC owned 0.30% of OSI Systems as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. raised its stake 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 during the period. Smartleaf Asset Management LLC raised its stake in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after buying an additional 195 shares during the period. KBC Group NV raised its stake in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after buying an additional 189 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock worth $129,000 after buying an additional 207 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock worth $144,000 after buying an additional 383 shares during the period. Institutional investors own 89.21% of the company's stock.

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Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction that occurred on 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 transaction, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value 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 position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

OSI Systems Price Performance

NASDAQ OSIS traded up $8.93 during trading on Friday, hitting $184.24. 528,626 shares of the stock traded hands, compared to its average volume of 257,967. The company has a market capitalization of $3.10 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The firm has a 50-day simple moving average of $189.25 and a 200-day simple moving average of $167.34. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. 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 released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share 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, analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on OSIS shares. Roth Mkm lifted their target price on OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research note on Friday, January 24th. StockNews.com downgraded OSI Systems from a "hold" rating to a "sell" rating in a research note on Wednesday, February 26th. B. Riley lifted their target price on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. started coverage on OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 target price on the stock. Finally, Oppenheimer lifted their target price on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

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.