Capital International Investors Takes $97.26 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Capital International Investors acquired a new position in OSI Systems, Inc. (NASDAQ:OSIS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 580,890 shares of the technology company’s stock, valued at approximately $97,258,000. Capital International Investors owned 3.46% of OSI Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in OSIS. Richardson Financial Services Inc. lifted its holdings in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares during the last quarter. Summit Investment Advisors Inc. increased its position in OSI Systems by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after acquiring an additional 74 shares during the period. Truvestments Capital LLC raised its stake in OSI Systems by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock valued at $379,000 after purchasing an additional 105 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in OSI Systems in the 4th quarter valued at $25,000. Finally, Bank of Montreal Can lifted its stake in shares of OSI Systems by 7.7% in the fourth quarter. Bank of Montreal Can now owns 2,152 shares of the technology company’s stock valued at $360,000 after buying an additional 153 shares during the period. Institutional investors own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OSIS. Wells Fargo & Company reduced their price objective on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Roth Mkm raised their target price on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. B. Riley boosted their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. Finally, Oppenheimer upped their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.33.

Insider Buying and Selling

In related news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $979,150. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

OSI Systems Trading Up 2.6 %

Shares of OSIS stock opened at $194.19 on Friday. 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 company has a market capitalization of $3.26 billion, a P/E ratio of 24.99, a P/E/G ratio of 1.81 and a beta of 1.19. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00. The firm has a 50-day moving average price of $194.28 and a 200 day moving average price of $175.89.

OSI Systems (NASDAQ:OSIS) last released 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 return on equity of 18.22% and a net margin of 8.15%. Research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

OSI Systems 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.