Proficio Capital Partners LLC Takes $4.93 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Proficio Capital Partners LLC bought a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,468 shares of the technology company’s stock, valued at approximately $4,934,000. Proficio Capital Partners LLC owned 0.18% of OSI Systems as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in shares of OSI Systems by 2.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock valued at $183,589,000 after acquiring an additional 29,858 shares during the period. State Street Corp grew its position in shares of OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after acquiring an additional 6,514 shares during the period. FMR LLC grew its position in shares of OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after acquiring an additional 631,486 shares during the period. Geode Capital Management LLC grew its position in shares of OSI Systems by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock valued at $57,720,000 after acquiring an additional 5,718 shares during the period. Finally, Primecap Management Co. CA grew its position in shares of OSI Systems by 4.9% during the 3rd 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 during the period. 89.21% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction 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 completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

OSI Systems Stock Up 5.1 %

OSIS opened at $184.24 on Monday. The company has a fifty day moving average price of $189.25 and a 200-day moving average price of $167.49. The firm has a market capitalization of $3.10 billion, a P/E 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 current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating 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%. Equities research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on OSIS shares. 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 target price for the company. Oppenheimer lifted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Roth Mkm lifted 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. StockNews.com lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, February 26th. Finally, B. Riley lifted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.