OSI Systems, Inc. (NASDAQ:OSIS) Stake Increased by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 27,175.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,094 shares of the technology company’s stock after buying an additional 30,980 shares during the period. GAMMA Investing LLC owned about 0.19% of OSI Systems worth $6,043,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors bought a new stake in shares of OSI Systems in the 4th quarter worth approximately $97,258,000. Mawer Investment Management Ltd. acquired a new stake in OSI Systems in the 4th quarter valued at about $63,171,000. Brown Advisory Inc. acquired a new stake in OSI Systems in the 4th quarter valued at about $45,618,000. FMR LLC lifted its stake in OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock valued at $141,965,000 after buying an additional 203,511 shares in the last quarter. Finally, Boston Partners lifted its stake in OSI Systems by 34.7% during the fourth quarter. Boston Partners now owns 237,882 shares of the technology company’s stock valued at $39,911,000 after buying an additional 61,304 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OSIS shares. B. Riley reissued a “buy” rating and issued a $255.00 price target (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Wall Street Zen upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Roth Mkm lifted their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. assumed 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. Finally, Oppenheimer lifted their price target on OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.33.

OSI Systems Price Performance

Shares of OSIS opened at $227.78 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The stock has a 50 day simple moving average of $209.57 and a 200 day simple moving average of $194.41. OSI Systems, Inc. has a 52-week low of $129.18 and a 52-week high of $234.59. The firm has a market capitalization of $3.82 billion, a PE ratio of 29.32, a P/E/G ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. The business had revenue of $444.35 million for the quarter, compared to analysts’ expectations of $436.49 million. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 EPS. Sell-side analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Transactions at OSI Systems

In related news, Director William Francis Ballhaus, Jr. sold 750 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total value of $171,660.00. Following the sale, the director now directly owns 24,055 shares of the company’s stock, valued at $5,505,708.40. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total value of $4,580,000.00. Following the sale, the chief financial officer now directly owns 284,953 shares in the company, valued at $65,254,237. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,371 shares of company stock valued at $9,547,230. 5.20% of the stock is owned by corporate insiders.

About OSI Systems

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.