Loomis Sayles & Co. L P raised its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 34.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,311 shares of the technology company’s stock after acquiring an additional 33,320 shares during the period. Loomis Sayles & Co. L P’s holdings in OSI Systems were worth $29,077,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. National Bank of Canada FI raised its holdings in shares of OSI Systems by 118.2% during the first quarter. National Bank of Canada FI now owns 144 shares of the technology company’s stock worth $28,000 after purchasing an additional 78 shares during the last quarter. Bessemer Group Inc. boosted its holdings in OSI Systems by 78.7% in the second quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after purchasing an additional 59 shares during the last quarter. Virtus Advisers LLC acquired a new stake in OSI Systems during the 1st quarter worth about $43,000. USA Financial Formulas purchased a new position in shares of OSI Systems during the 2nd quarter valued at about $55,000. Finally, GAMMA Investing LLC raised its stake in shares of OSI Systems by 73.8% during the 2nd quarter. GAMMA Investing LLC now owns 278 shares of the technology company’s stock valued at $63,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.
OSI Systems Stock Performance
Shares of OSIS stock opened at $270.86 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. OSI Systems, Inc. has a 12-month low of $150.84 and a 12-month high of $292.34. The business’s 50 day moving average is $256.01 and its two-hundred day moving average is $236.54. The company has a market capitalization of $4.60 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.13 and a beta of 1.33.
Insiders Place Their Bets
In other OSI Systems news, insider Paul Keith Morben sold 1,671 shares of the company’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $236.76, for a total transaction of $395,625.96. Following the completion of the transaction, the insider directly owned 8,749 shares in the company, valued at approximately $2,071,413.24. This represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James B. Hawkins sold 1,500 shares of OSI Systems stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $283.15, for a total transaction of $424,725.00. Following the completion of the sale, the director owned 5,036 shares in the company, valued at approximately $1,425,943.40. This trade represents a 22.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 43,587 shares of company stock worth $11,567,257. Company insiders own 4.30% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently commented on OSIS shares. JPMorgan Chase & Co. upped their target price on OSI Systems from $242.00 to $255.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Oppenheimer boosted their price target on OSI Systems from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, October 3rd. B. Riley upped their price objective on OSI Systems from $255.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, August 22nd. Roth Capital reaffirmed a “buy” rating and set a $280.00 target price on shares of OSI Systems in a report on Wednesday, October 29th. Finally, Bank of America boosted their target price on shares of OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and an average price target of $263.57.
Check Out Our Latest Stock Analysis on OSI Systems
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.
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