Xponance Inc. Takes $233,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

Xponance Inc. purchased a new stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,197 shares of the technology company’s stock, valued at approximately $233,000.

Several other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of OSI Systems during the fourth quarter worth approximately $25,000. Nisa Investment Advisors LLC increased its stake in OSI Systems by 139.5% in the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock valued at $38,000 after purchasing an additional 113 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after purchasing an additional 483 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of OSI Systems in the first quarter valued at approximately $234,000. Finally, Quantessence Capital LLC acquired a new position in OSI Systems during the fourth quarter worth $231,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $211.38 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $241.64. The stock’s 50 day simple moving average is $223.76 and its two-hundred day simple moving average is $203.40. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.79 and a beta of 1.27.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The firm had revenue of $444.35 million during the quarter, compared to analysts’ expectations of $436.49 million. During the same period in the prior year, the business posted $2.16 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. B. Riley restated a “buy” rating and set a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Oppenheimer raised their price target on shares of OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, May 5th. Wall Street Zen upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, Roth Mkm boosted their price target on shares of OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.33.

Insider Activity

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the completion of the sale, the chief financial officer directly owned 284,953 shares of the company’s stock, valued at $65,254,237. The trade was a 6.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Glenn Grindstaff sold 688 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the transaction, the insider owned 8,354 shares in the company, valued at $1,878,731.06. The trade was a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,371 shares of company stock valued at $9,784,380 in the last 90 days. 5.20% of the stock is owned by 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.