Norges Bank Acquires New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Norges Bank bought a new position in OSI Systems, Inc. (NASDAQ:OSISFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 115,625 shares of the technology company’s stock, valued at approximately $14,921,000. Norges Bank owned 0.68% of OSI Systems at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OSIS. Parkside Financial Bank & Trust boosted its position in shares of OSI Systems by 27.1% during the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after buying an additional 90 shares during the period. International Assets Investment Management LLC boosted its position in OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after acquiring an additional 502 shares during the last quarter. Lido Advisors LLC acquired a new position in OSI Systems during the 3rd quarter worth approximately $216,000. MQS Management LLC bought a new position in shares of OSI Systems during the 3rd quarter worth approximately $234,000. Finally, Brown Advisory Inc. acquired a new stake in shares of OSI Systems in the fourth quarter valued at approximately $311,000. Institutional investors own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OSIS. Oppenheimer raised their target price on shares of OSI Systems from $157.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Roth Mkm increased their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com downgraded OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th.

Check Out Our Latest Stock Report on OSI Systems

OSI Systems Stock Performance

NASDAQ OSIS opened at $141.09 on Tuesday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $138.30 and its two-hundred day moving average price is $132.08. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $145.24.

OSI Systems (NASDAQ:OSISGet Free Report) last issued its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The company had revenue of $405.41 million for the quarter, compared to analysts’ expectations of $401.99 million. During the same period in the prior year, the firm earned $1.49 EPS. OSI Systems’s quarterly revenue was up 33.8% compared to the same quarter last year. As a group, research analysts anticipate that OSI Systems, Inc. will post 8.09 EPS for the current year.

Insider Activity

In related news, CEO Deepak Chopra sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the transaction, the chief executive officer now directly owns 428,615 shares of the company’s stock, valued at approximately $59,898,946.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Deepak Chopra sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer now owns 428,615 shares in the company, valued at approximately $59,898,946.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Francis Ballhaus, Jr. sold 675 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total transaction of $90,436.50. Following the completion of the transaction, the director now owns 25,907 shares in the company, valued at approximately $3,471,019.86. The disclosure for this sale can be found here. Insiders sold a total of 69,523 shares of company stock valued at $9,550,257 over the last three months. Insiders own 5.60% of the company’s stock.

OSI Systems Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding OSIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for OSI Systems, Inc. (NASDAQ:OSISFree Report).

Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

Receive News & Ratings for OSI Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OSI Systems and related companies with MarketBeat.com's FREE daily email newsletter.