Wedge Capital Management L L P NC Raises Position in OSI Systems, Inc. (NASDAQ:OSIS)

Wedge Capital Management L L P NC lifted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,436 shares of the technology company's stock after acquiring an additional 2,710 shares during the period. Wedge Capital Management L L P NC owned 0.19% of OSI Systems worth $5,431,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OSIS. Orion Portfolio Solutions LLC lifted its position in OSI Systems by 3.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company's stock worth $501,000 after acquiring an additional 106 shares during the period. US Bancorp DE lifted its holdings in shares of OSI Systems by 4.8% during the third quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock worth $367,000 after purchasing an additional 111 shares during the period. Inspire Investing LLC increased its stake in OSI Systems by 7.9% in the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company's stock valued at $416,000 after buying an additional 200 shares during the period. Truvestments Capital LLC raised its position in OSI Systems by 11.1% during the 3rd quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company's stock worth $328,000 after buying an additional 216 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of OSI Systems by 9.8% in the 3rd quarter. QRG Capital Management Inc. now owns 2,739 shares of the technology company's stock worth $416,000 after acquiring an additional 245 shares during the period. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OSI Systems

In other news, CFO Alan I. Edrick sold 2,354 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the completion of the transaction, the chief financial officer now directly owns 312,444 shares of the company's stock, valued at $58,870,698.48. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Deepak Chopra sold 15,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the sale, the chief executive officer now directly owns 424,323 shares in the company, valued at approximately $65,099,634.66. The trade was a 3.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,591 shares of company stock worth $7,557,745. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on OSIS shares. StockNews.com upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th. Bank of America began coverage on OSI Systems in a research report on Monday, September 30th. They set a "buy" rating and a $175.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $179.00.

OSI Systems Price Performance

Shares of NASDAQ:OSIS traded down $1.44 during trading on Friday, hitting $166.56. 195,488 shares of the stock were exchanged, compared to its average volume of 154,778. OSI Systems, Inc. has a 12-month low of $121.30 and a 12-month high of $189.13. The company has a market cap of $2.78 billion, a PE ratio of 21.74, a P/E/G ratio of 1.31 and a beta of 1.19. The company has a fifty day moving average price of $169.20 and a two-hundred day moving average price of $152.57. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted 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. The company had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. OSI Systems's revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. On average, analysts forecast that OSI Systems, Inc. will post 9.13 EPS for the current 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.