1 week Ago By Defense World Staff
Norges Bank purchased a new stake in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 54,260 shares of the technology company’s stock, valued at approximately $9,085,000.
Norges Bank owned approximately 0.32% of OSI Systems as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently made changes to their positions in OSIS.
Richardson Financial Services Inc. increased its holdings in OSI Systems by 65.6% in the fourth quarter.
Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in OSI Systems by 243.
8% in the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares in the last quarter. KBC Group NV increased its stake in OSI Systems by 37.
1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in OSI Systems by 36.
9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after purchasing an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in OSI Systems by 80.
1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock worth $144,000 after purchasing an additional 383 shares in the last quarter. Institutional investors and hedge funds own 89.
21% of the company’s stock. OSI Systems Price PerformanceShares of NASDAQ:OSIS opened at $174.22 on Wednesday.
The business has a fifty day simple moving average of $196.26 and a 200-day simple moving average of $173.31.
OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.
00. The company has a market cap of $2.93 billion, a P/E ratio of 22.
42, a P/E/G ratio of 1.81 and a beta of 1.19.
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 (NASDAQ:OSIS – Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.
42 earnings per share 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%.
Equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.
Insider Buying and SellingIn other OSI Systems news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.
80. Following 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 document filed with the SEC, which is available through this hyperlink.
Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.
83, for a total value of $528,936.83. Following the completion of the sale, 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.
Corporate insiders own 5.20% of the company’s stock. Analyst Upgrades and DowngradesSeveral equities research analysts recently commented on OSIS shares.
Roth Mkm boosted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.
JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.
00 price target on the stock. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th.
Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, January 24th.
Finally, Wells Fargo & Company cut their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday.
One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $213.33.
View Our Latest Research Report on OSISAbout OSI Systems (Free Report)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.
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