KLP Kapitalforvaltning AS Makes New Investment in OSI Systems, Inc. (NASDAQ:OSIS)

KLP Kapitalforvaltning AS acquired a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,500 shares of the technology company’s stock, valued at approximately $586,000.

Several other large investors have also recently made changes to their positions in the company. Citigroup Inc. grew its position in OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after acquiring an additional 10,753 shares in the last quarter. FMR LLC lifted its stake in shares of OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after purchasing an additional 631,486 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of OSI Systems by 44.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,710 shares of the technology company’s stock worth $2,689,000 after purchasing an additional 5,468 shares during the period. Benjamin Edwards Inc. increased its position in shares of OSI Systems by 28.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,791 shares of the technology company’s stock valued at $424,000 after purchasing an additional 626 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in OSI Systems during the 3rd quarter valued at $443,000. 89.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on OSIS shares. Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. B. Riley raised their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com cut shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Wells Fargo & Company raised their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

OSI Systems Trading Up 1.8 %

Shares of OSIS opened at $198.27 on Thursday. 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 12-month low of $126.57 and a 12-month high of $220.00. The firm has a 50-day moving average price of $198.22 and a 200 day moving average price of $172.23. The firm has a market capitalization of $3.33 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS) last posted its 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%. Sell-side analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Buying and Selling

In related news, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction that occurred on Thursday, January 30th. The stock was 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. The trade was a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction 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 approximately $979,150. This trade represents a 35.07 % 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 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.