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

Wedge Capital Management L L P NC lifted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,223 shares of the technology company’s stock after purchasing an additional 1,731 shares during the period. Wedge Capital Management L L P NC owned about 0.24% of OSI Systems worth $5,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of OSIS. Parkside Financial Bank & Trust raised its holdings in OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after acquiring an additional 90 shares during the period. International Assets Investment Management LLC raised its stake in OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock valued at $67,000 after purchasing an additional 502 shares during the period. SG Americas Securities LLC bought a new stake in OSI Systems during the 3rd quarter valued at approximately $118,000. Lido Advisors LLC purchased a new position in OSI Systems during the third quarter valued at $216,000. Finally, MQS Management LLC bought a new stake in OSI Systems in the 3rd quarter valued at $234,000. 89.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on OSIS shares. Roth Mkm upped their target price on shares of OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Friday, January 26th. StockNews.com upgraded OSI Systems from a “hold” rating to a “buy” rating in a research report on Friday, April 19th.

OSI Systems Price Performance

NASDAQ OSIS opened at $140.82 on Wednesday. The company has a market cap of $2.40 billion, a PE ratio of 21.37, a P/E/G ratio of 1.58 and a beta of 0.98. OSI Systems, Inc. has a 52-week low of $99.70 and a 52-week high of $144.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. The firm’s 50 day moving average price is $135.63 and its 200-day moving average price is $127.17.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business had revenue of $373.20 million during the quarter, compared to the consensus estimate of $364.29 million. During the same period in the previous year, the company posted $1.19 earnings per share. The firm’s revenue was up 26.3% on a year-over-year basis. Sell-side analysts forecast that OSI Systems, Inc. will post 8.03 EPS for the current fiscal year.

Insider Buying and Selling at OSI Systems

In other news, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total transaction of $1,968,300.00. Following the completion of the sale, the general counsel now directly owns 78,116 shares in the company, valued at $10,250,381.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Victor S. Sze sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the sale, the general counsel now owns 78,116 shares in the company, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,000 shares of company stock worth $6,503,650. 5.60% of the stock is owned by insiders.

OSI Systems Company 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.