Geode Capital Management LLC boosted its position in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 4.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 410,963 shares of the technology company’s stock after purchasing an additional 16,692 shares during the period. Geode Capital Management LLC’s holdings in OSI Systems were worth $104,836,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Severin Investments LLC lifted its holdings in OSI Systems by 2.6% in the third quarter. Severin Investments LLC now owns 1,884 shares of the technology company’s stock valued at $470,000 after buying an additional 48 shares during the period. GAMMA Investing LLC lifted its holdings in OSI Systems by 19.6% in the fourth quarter. GAMMA Investing LLC now owns 330 shares of the technology company’s stock valued at $84,000 after buying an additional 54 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in OSI Systems by 12.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 508 shares of the technology company’s stock valued at $130,000 after buying an additional 56 shares during the period. Arizona State Retirement System lifted its holdings in OSI Systems by 1.5% in the third quarter. Arizona State Retirement System now owns 4,711 shares of the technology company’s stock valued at $1,174,000 after buying an additional 71 shares during the period. Finally, Assetmark Inc. lifted its holdings in OSI Systems by 10.8% in the fourth quarter. Assetmark Inc. now owns 741 shares of the technology company’s stock valued at $189,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.
OSI Systems Price Performance
Shares of NASDAQ OSIS opened at $197.73 on Friday. The firm’s 50-day moving average price is $253.82 and its 200-day moving average price is $265.64. OSI Systems, Inc. has a 1-year low of $197.27 and a 1-year high of $311.72. The firm has a market capitalization of $3.26 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.62 and a beta of 1.21. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Roth Mkm restated a “buy” rating and issued a $310.00 target price on shares of OSI Systems in a report on Tuesday, May 5th. Weiss Ratings lowered shares of OSI Systems from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Citigroup dropped their price objective on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.00.
Check Out Our Latest Stock Report on OSIS
Insider Buying and Selling at OSI Systems
In other news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $281.84, for a total transaction of $5,636,800.00. Following the transaction, the director owned 253,044 shares in the company, valued at approximately $71,317,920.96. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.30% of the company’s stock.
OSI Systems Company Profile
OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.
OSI Systems operates three primary business segments.
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