Wedge Capital Management L L P NC Acquires 2,710 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Wedge Capital Management L L P NC increased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,436 shares of the technology company’s stock after purchasing an additional 2,710 shares during the quarter. Wedge Capital Management L L P NC’s holdings in OSI Systems were worth $5,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares during the period. nVerses Capital LLC bought a new position in OSI Systems during the third quarter valued at approximately $182,000. EverSource Wealth Advisors LLC boosted its holdings in OSI Systems by 235.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,331 shares of the technology company’s stock worth $197,000 after purchasing an additional 934 shares during the last quarter. Hohimer Wealth Management LLC purchased a new stake in OSI Systems in the third quarter worth approximately $264,000. Finally, Magnetar Financial LLC bought a new stake in OSI Systems in the 2nd quarter worth approximately $277,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OSIS. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. Finally, Wells Fargo & Company upped their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

OSI Systems Price Performance

Shares of OSI Systems stock opened at $166.56 on Friday. The stock has a market cap of $2.78 billion, a P/E ratio of 21.74, a P/E/G ratio of 1.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock’s fifty day moving average is $169.20 and its 200 day moving average is $152.57. OSI Systems, Inc. has a one year low of $121.30 and a one year high of $189.13.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The firm had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business’s quarterly revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Sell-side analysts anticipate that OSI Systems, Inc. will post 9.13 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In related news, CEO Deepak Chopra sold 15,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the completion of the transaction, the chief executive officer now owns 424,323 shares in the company, valued at approximately $65,099,634.66. This represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the sale, the director now owns 7,701 shares in the company, valued at approximately $1,140,980.16. This represents a 20.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,591 shares of company stock valued at $7,557,745 over the last 90 days. 5.20% of the stock is currently 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.