Bryce Point Capital LLC Acquires New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Bryce Point Capital LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,655 shares of the technology company’s stock, valued at approximately $947,000.

Several other hedge funds have also recently made changes to their positions in OSIS. Richardson Financial Services Inc. increased its holdings in OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of OSI Systems by 241.5% in 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. KBC Group NV raised its position in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after purchasing an additional 189 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after buying an additional 207 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price on the stock. StockNews.com lowered OSI Systems from a “hold” rating to a “sell” rating in a research note on Thursday, March 27th. Wells Fargo & Company raised their target price on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. B. Riley upped their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Roth Mkm raised their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.00.

Insider Transactions at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $979,150. The trade was a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $198.27 on Thursday. The stock has a market cap of $3.33 billion, a P/E ratio of 25.52, a PEG ratio of 1.81 and a beta of 1.20. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $198.22 and its two-hundred day moving average price is $172.23. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $220.00.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, equities analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.