Citigroup Inc. Buys 10,753 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Citigroup Inc. raised its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 64.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,320 shares of the technology company’s stock after buying an additional 10,753 shares during the quarter. Citigroup Inc. owned about 0.16% of OSI Systems worth $4,148,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Primecap Management Co. CA lifted its stake in OSI Systems by 4.9% in the third quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after buying an additional 13,880 shares in the last quarter. Intech Investment Management LLC lifted its stake in OSI Systems by 31.6% in the third quarter. Intech Investment Management LLC now owns 5,411 shares of the technology company’s stock valued at $822,000 after buying an additional 1,300 shares in the last quarter. Quest Partners LLC raised its holdings in shares of OSI Systems by 6,419.0% in the third quarter. Quest Partners LLC now owns 18,905 shares of the technology company’s stock valued at $2,870,000 after purchasing an additional 18,615 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after purchasing an additional 25,262 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of OSI Systems by 9.8% in the third quarter. QRG Capital Management Inc. now owns 2,739 shares of the technology company’s stock valued at $416,000 after purchasing an additional 245 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.

Insiders Place Their Bets

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. This represents a 4.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, the director now owns 3,462 shares in the company, valued at $479,175.42. The trade was a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,107 shares of company stock valued at $6,071,809. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Trading Up 0.2 %

OSIS stock opened at $180.09 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The company has a fifty day moving average price of $150.26 and a two-hundred day moving average price of $144.90. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $182.10. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. Equities analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current year.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of recent research reports. Roth Mkm lifted their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America started coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. B. Riley boosted their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company boosted their target price on shares of OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

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.