Oliver Luxxe Assets LLC lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 56.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,088 shares of the technology company’s stock after selling 9,095 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in OSI Systems were worth $1,550,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in shares of OSI Systems by 46.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 76,560 shares of the technology company’s stock worth $20,274,000 after acquiring an additional 24,243 shares during the period. Oak Ridge Investments LLC bought a new position in OSI Systems in the fourth quarter valued at approximately $2,489,000. M&T Bank Corp acquired a new position in OSI Systems during the fourth quarter valued at approximately $7,285,000. Robeco Schweiz AG bought a new stake in OSI Systems during the fourth quarter worth $7,791,000. Finally, Jefferies Financial Group Inc. bought a new stake in OSI Systems during the fourth quarter worth $3,504,000. Institutional investors own 89.21% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on OSIS shares. Citigroup decreased their price target on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Weiss Ratings lowered OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Bank of America decreased their target price on OSI Systems from $315.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Roth Capital reissued a “buy” rating and set a $310.00 target price on shares of OSI Systems in a research note on Tuesday, May 5th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $291.86.
OSI Systems Price Performance
Shares of OSIS opened at $236.23 on Monday. OSI Systems, Inc. has a 52 week low of $197.27 and a 52 week high of $311.72. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.77 and a beta of 1.21. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.42 and a current ratio of 3.25. The stock has a fifty day moving average of $218.37 and a 200-day moving average of $250.41.
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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