AlphaQuest LLC Takes Position in OSI Systems, Inc. $OSIS

AlphaQuest LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,028 shares of the technology company’s stock, valued at approximately $505,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OSIS. Mawer Investment Management Ltd. boosted its stake in OSI Systems by 11.2% in the second quarter. Mawer Investment Management Ltd. now owns 512,656 shares of the technology company’s stock worth $115,276,000 after purchasing an additional 51,634 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of OSI Systems by 0.6% in the second quarter. Geode Capital Management LLC now owns 381,128 shares of the technology company’s stock valued at $85,711,000 after buying an additional 2,419 shares during the last quarter. Hood River Capital Management LLC lifted its position in OSI Systems by 1.0% during the 2nd quarter. Hood River Capital Management LLC now owns 377,061 shares of the technology company’s stock worth $84,786,000 after buying an additional 3,903 shares in the last quarter. Invesco Ltd. grew its holdings in OSI Systems by 29.6% during the 2nd quarter. Invesco Ltd. now owns 319,258 shares of the technology company’s stock worth $71,788,000 after acquiring an additional 73,004 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in OSI Systems by 31.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 138,014 shares of the technology company’s stock worth $31,034,000 after acquiring an additional 33,263 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the sale, the director directly owned 273,044 shares of the company’s stock, valued at $68,509,470.04. This represents a 6.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $258.16 on Friday. The firm has a fifty day moving average of $269.86 and a two-hundred day moving average of $252.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.07 and a beta of 1.35. OSI Systems, Inc. has a 52 week low of $153.40 and a 52 week high of $294.93.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.06. The business had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.42 earnings per share. As a group, equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analyst Weigh In

OSIS has been the topic of a number of research reports. Bank of America upped their target price on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OSI Systems in a report on Thursday, January 22nd. B. Riley lifted their target price on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Roth Mkm upped their price target on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.00.

OSI Systems Profile

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.