SteelPeak Wealth LLC Purchases New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

SteelPeak Wealth LLC acquired a new position in OSI Systems, Inc. (NASDAQ:OSIS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,039 shares of the technology company’s stock, valued at approximately $676,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp increased its holdings in shares of OSI Systems by 0.9% in the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock valued at $110,485,000 after purchasing an additional 6,514 shares in the last quarter. Park Avenue Securities LLC grew its position in OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after buying an additional 1,660 shares during the period. Victory Capital Management Inc. increased its holdings in OSI Systems by 25.8% in the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after buying an additional 25,262 shares in the last quarter. HighTower Advisors LLC purchased a new position in OSI Systems in the third quarter valued at about $443,000. Finally, Citigroup Inc. lifted its position in shares of OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock valued at $4,148,000 after acquiring an additional 10,753 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the sale, the chief executive officer now owns 424,323 shares in the company, valued at $65,099,634.66. The trade was a 3.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald M. Chizever sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the transaction, the director now directly owns 7,701 shares of the company’s stock, valued at approximately $1,140,980.16. This represents a 20.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 46,292 shares of company stock worth $8,086,682. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

OSIS has been the subject of several research analyst reports. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. B. Riley lifted their price target on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Oppenheimer boosted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Roth Mkm raised their target price on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. 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 report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $209.40.

OSI Systems Trading Down 0.4 %

OSI Systems stock opened at $196.20 on Friday. The stock has a 50-day moving average price of $174.41 and a 200 day moving average price of $155.21. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $201.42. The stock has a market cap of $3.28 billion, a PE ratio of 25.61, a P/E/G ratio of 1.44 and a beta of 1.19. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. Equities research analysts predict that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

OSI Systems Company Profile

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.