Systematic Financial Management LP lessened its holdings in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 233,252 shares of the technology company’s stock after selling 23,370 shares during the period. OSI Systems makes up approximately 1.4% of Systematic Financial Management LP’s portfolio, making the stock its 10th biggest holding. Systematic Financial Management LP’s holdings in OSI Systems were worth $59,494,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mawer Investment Management Ltd. lifted its stake in OSI Systems by 67.0% in the third quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after purchasing an additional 343,727 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of OSI Systems in the fourth quarter worth $48,800,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OSI Systems in the third quarter worth $40,222,000. UBS Group AG increased its stake in OSI Systems by 63.8% in the third quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock valued at $78,843,000 after acquiring an additional 123,212 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of OSI Systems during the second quarter valued at about $13,576,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.
OSI Systems Stock Performance
OSI Systems stock opened at $222.10 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.42 and a current ratio of 3.25. The stock has a fifty day moving average of $266.50 and a two-hundred day moving average of $270.27. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 1.82 and a beta of 1.31. OSI Systems, Inc. has a fifty-two week low of $203.45 and a fifty-two week high of $311.72.
Insider Activity
In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $281.84, for a total transaction of $5,636,800.00. Following the sale, the director directly owned 253,044 shares of the company’s stock, valued at $71,317,920.96. This trade represents a 7.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
OSIS has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Weiss Ratings lowered shares of OSI Systems from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. B. Riley Financial increased their target price on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Roth Mkm reiterated a “buy” rating and issued a $310.00 price objective on shares of OSI Systems in a research note on Tuesday, May 5th. Finally, Citigroup reduced their target price on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.00.
View Our Latest Report on OSI Systems
OSI Systems 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.
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