Proficio Capital Partners LLC Makes New Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Proficio Capital Partners LLC purchased a new position in OSI Systems, Inc. (NASDAQ:OSIS) in the 4th quarter, Holdings Channel.com reports. The fund purchased 29,468 shares of the technology company’s stock, valued at approximately $4,934,000.

Several other hedge funds have also added to or reduced their stakes in OSIS. Richardson Financial Services Inc. lifted its stake in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after acquiring an additional 195 shares during the last quarter. KBC Group NV raised its stake in shares of OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after acquiring an additional 189 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of OSI Systems by 36.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after acquiring an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of OSI Systems by 80.1% during the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $144,000 after acquiring an additional 383 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $979,150. The trade was 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.

OSI Systems Price Performance

Shares of OSIS opened at $184.24 on Monday. The stock has a market cap of $3.10 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00. The firm’s 50-day simple moving average is $189.25 and its two-hundred day simple moving average is $167.49.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OSIS. StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Roth Mkm upped their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. B. Riley boosted their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

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.