5,418 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,418 shares of the technology company’s stock, valued at approximately $907,000.

Other hedge funds have also added to or reduced their stakes in the company. Richardson Financial Services Inc. lifted its stake in shares of OSI Systems by 65.6% in the 4th 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 period. Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 195 shares during the last quarter. KBC Group NV raised its position in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after acquiring an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of OSI Systems by 80.1% during the 4th 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 period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. This represents a 35.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $30,900.80. Following the transaction, the insider now owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

OSI Systems Stock Down 0.6 %

Shares of OSIS opened at $199.11 on Friday. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $3.34 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The business’s 50 day moving average is $196.10 and its 200 day moving average is $170.50.

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

Analyst Ratings Changes

A number of equities analysts recently commented on OSIS shares. Oppenheimer raised their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. JPMorgan Chase & Co. started coverage on OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective on the stock. B. Riley boosted their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Roth Mkm raised their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $212.00.

OSI Systems 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.