Primecap Management Co. CA Has $76.42 Million Stock Position in OSI Systems, Inc. $OSIS

Primecap Management Co. CA cut its position in OSI Systems, Inc. (NASDAQ:OSIS) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,630 shares of the technology company’s stock after selling 14,790 shares during the quarter. Primecap Management Co. CA owned approximately 1.81% of OSI Systems worth $76,424,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in OSI Systems by 519.8% during the first quarter. Royal Bank of Canada now owns 10,257 shares of the technology company’s stock valued at $1,993,000 after acquiring an additional 8,602 shares during the period. AQR Capital Management LLC lifted its position in shares of OSI Systems by 64.2% during the 1st quarter. AQR Capital Management LLC now owns 11,656 shares of the technology company’s stock worth $2,265,000 after purchasing an additional 4,558 shares during the last quarter. Strs Ohio bought a new stake in OSI Systems during the 1st quarter valued at approximately $97,000. Envestnet Asset Management Inc. boosted its stake in OSI Systems by 5.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 89,334 shares of the technology company’s stock valued at $20,088,000 after purchasing an additional 4,990 shares during the period. Finally, Bessemer Group Inc. grew its holdings in OSI Systems by 78.7% in the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after buying an additional 59 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the sale, the director directly owned 273,044 shares in the company, valued at $68,509,470.04. This represents a 6.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. B. Riley Financial increased their price objective on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. upped their target price on shares of OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. UBS Group set a $292.00 price target on shares of OSI Systems in a research report on Monday, December 1st. Bank of America boosted their price objective on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings cut shares of OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, February 20th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $282.00.

OSI Systems Stock Down 1.8%

OSIS opened at $289.92 on Friday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 2.41 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The firm’s 50-day simple moving average is $273.92 and its 200-day simple moving average is $258.09. OSI Systems, Inc. has a twelve month low of $153.40 and a twelve month high of $306.12.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. The firm had revenue of $464.06 million for the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.42 earnings per share. Equities research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.