Fmr LLC Acquires 631,486 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Fmr LLC raised its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4,891.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 644,396 shares of the technology company’s stock after purchasing an additional 631,486 shares during the quarter. Fmr LLC owned 3.86% of OSI Systems worth $97,839,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OSIS. Hood River Capital Management LLC lifted its holdings in OSI Systems by 10.6% during the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after buying an additional 30,464 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of OSI Systems by 4.9% during the third quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after acquiring an additional 13,880 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of OSI Systems by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock valued at $17,540,000 after purchasing an additional 1,747 shares during the period. Victory Capital Management Inc. grew its stake in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after purchasing an additional 25,262 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in OSI Systems by 24.4% during the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock worth $11,563,000 after purchasing an additional 15,945 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The trade was a 9.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,107 shares of company stock worth $6,071,809. Insiders own 5.20% of the company’s stock.

OSI Systems Stock Performance

OSIS stock opened at $180.02 on Friday. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $183.22. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The firm has a 50-day simple moving average of $151.67 and a two-hundred day simple moving average of $145.39.

OSI Systems (NASDAQ:OSIS) last posted its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The company 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 for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. On average, equities analysts forecast that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wells Fargo & Company upped their target price on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. B. Riley upped their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Bank of America began coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target for the company. Finally, Roth Mkm increased their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.