OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,439 shares of the technology company’s stock after acquiring an additional 485 shares during the quarter. Pictet Asset Management Holding SA’s holdings in OSI Systems were worth $408,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in OSIS. Norges Bank purchased a new stake in OSI Systems during the fourth quarter worth approximately $9,085,000. Bridge City Capital LLC lifted its position in shares of OSI Systems by 8.0% during the 4th quarter. Bridge City Capital LLC now owns 43,467 shares of the technology company’s stock worth $7,278,000 after buying an additional 3,224 shares during the last quarter. LPL Financial LLC acquired a new position in shares of OSI Systems in the 4th quarter valued at $1,444,000. KLP Kapitalforvaltning AS purchased a new position in shares of OSI Systems in the 4th quarter valued at $586,000. Finally, American Century Companies Inc. acquired a new stake in shares of OSI Systems in the fourth quarter valued at approximately $1,878,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. B. Riley lifted their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com cut OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Oppenheimer raised their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note 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 target on the stock. Finally, Wells Fargo & Company lowered their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

Insider Transactions at OSI Systems

In related news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS stock opened at $191.16 on Thursday. The company’s fifty day simple moving average is $196.05 and its 200-day simple moving average is $173.75. The company has a market cap of $3.21 billion, a PE ratio of 24.60, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS 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%. As a group, equities research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

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.