Wellington Management Group LLP increased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 89.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 177,616 shares of the technology company’s stock after purchasing an additional 83,862 shares during the period. Wellington Management Group LLP owned approximately 1.08% of OSI Systems worth $38,845,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of OSIS. Jupiter Topco LLC acquired a new stake in OSI Systems in the 2nd quarter valued at $198,127,000. William Blair Investment Management LLC bought a new position in shares of OSI Systems in the second quarter valued at $82,964,000. Primecap Management Co. CA acquired a new position in shares of OSI Systems during the second quarter valued at about $56,464,000. Neumeier Poma Investment Counsel LLC bought a new stake in shares of OSI Systems during the second quarter worth about $48,664,031. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of OSI Systems in the 3rd quarter worth about $40,222,000. 89.21% of the stock is owned by institutional investors.
OSI Systems Trading Down 1.2%
NASDAQ:OSIS opened at $204.15 on Friday. OSI Systems, Inc. has a 52 week low of $186.50 and a 52 week high of $311.72. The firm has a 50-day moving average price of $217.93 and a two-hundred day moving average price of $243.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.34 and a current ratio of 3.15. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.20.
Analyst Upgrades and Downgrades
OSIS has been the subject of a number of analyst reports. Roth Capital reiterated a “buy” rating and set a $274.00 price target on shares of OSI Systems in a research note on Friday, August 21st. B. Riley Financial reissued a “buy” rating and issued a $265.00 price objective (down from $320.00) on shares of OSI Systems in a research note on Friday, August 21st. Citigroup dropped their target price on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Weiss Ratings downgraded OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. Finally, Bank of America lowered their price target on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and an average price target of $281.71.
View Our Latest Report on OSI Systems
About OSI Systems
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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