Premier Fund Managers Ltd Invests $806,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Premier Fund Managers Ltd bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,174 shares of the technology company’s stock, valued at approximately $806,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of OSI Systems during the fourth quarter worth about $25,000. Nisa Investment Advisors LLC increased its stake in shares of OSI Systems by 139.5% during the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company’s stock worth $38,000 after purchasing an additional 113 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock worth $108,000 after purchasing an additional 483 shares in the last quarter. Quantessence Capital LLC purchased a new stake in shares of OSI Systems during the fourth quarter worth about $231,000. Finally, Xponance Inc. purchased a new stake in shares of OSI Systems during the first quarter worth about $233,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

OSI Systems stock opened at $225.22 on Wednesday. The firm has a 50 day simple moving average of $222.87 and a 200-day simple moving average of $206.39. OSI Systems, Inc. has a 1-year low of $129.18 and a 1-year high of $241.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.27.

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 the consensus estimate of $2.38 by $0.06. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The business had revenue of $444.35 million during the quarter, compared to analysts’ expectations of $436.49 million. During the same quarter in the prior year, the company posted $2.16 EPS. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Alan I. Edrick sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 284,953 shares of the company’s stock, valued at $65,254,237. This represents a 6.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Glenn Grindstaff sold 688 shares of the company’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 transaction of $154,724.32. Following the completion of the transaction, the insider owned 8,354 shares in the company, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,371 shares of company stock worth $9,784,380. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OSIS shares. Roth Mkm upped their price objective 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. B. Riley reaffirmed a “buy” rating and set a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Oppenheimer upped their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Wall Street Zen raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company dropped their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and a consensus target price of $228.33.

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.