Virtu Financial LLC Makes New Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Virtu Financial LLC purchased a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,113 shares of the technology company's stock, valued at approximately $521,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSIS. State Street Corp increased its holdings in OSI Systems by 0.9% in the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock valued at $110,485,000 after purchasing an additional 6,514 shares during the period. Park Avenue Securities LLC lifted its position in shares of OSI Systems by 36.0% in the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company's stock worth $1,051,000 after purchasing an additional 1,660 shares during the period. HighTower Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter worth $443,000. Citigroup Inc. raised its stake in OSI Systems by 64.9% during 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 during the last quarter. Finally, FMR LLC lifted its holdings in OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after buying an additional 631,486 shares during the period. 89.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. B. Riley upped their target price on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their target price on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. StockNews.com cut shares of OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday. Roth Mkm increased their target price on OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. assumed coverage on OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

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Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of the firm's stock in a transaction 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 directly owns 10,077 shares of the company's stock, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $979,150. The trade was 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 owned by corporate insiders.

OSI Systems Stock Performance

OSIS traded down $5.79 during trading on Friday, hitting $193.32. 172,142 shares of the company traded hands, compared to its average volume of 175,453. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00. The stock's fifty day moving average is $196.64 and its 200 day moving average is $171.11. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.25 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping 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 predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

About OSI Systems

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.