SG Capital Management LLC Has $9.80 Million Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

SG Capital Management LLC boosted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 2,952.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,919 shares of the technology company’s stock after purchasing an additional 73,432 shares during the period. OSI Systems comprises approximately 2.9% of SG Capital Management LLC’s portfolio, making the stock its 7th biggest holding. SG Capital Management LLC’s holdings in OSI Systems were worth $9,797,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Quest Partners LLC purchased a new position in OSI Systems in the fourth quarter valued at approximately $53,000. Parkside Financial Bank & Trust boosted its holdings in shares of OSI Systems by 27.1% in the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock worth $50,000 after acquiring an additional 90 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of OSI Systems by 3,585.7% in the fourth quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after acquiring an additional 502 shares during the period. Natixis Investment Managers International boosted its holdings in shares of OSI Systems by 27.9% in the fourth quarter. Natixis Investment Managers International now owns 999 shares of the technology company’s stock worth $129,000 after acquiring an additional 218 shares during the period. Finally, Lido Advisors LLC bought a new position in shares of OSI Systems in the third quarter worth $216,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Price Performance

NASDAQ OSIS traded down $0.35 during trading hours on Friday, reaching $138.58. 55,109 shares of the stock traded hands, compared to its average volume of 88,745. The stock has a 50 day simple moving average of $138.17 and a two-hundred day simple moving average of $132.58. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $145.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 19.06, a price-to-earnings-growth ratio of 1.56 and a beta of 1.11.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The business had revenue of $405.41 million for the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The company’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter last year, the business posted $1.49 earnings per share. On average, analysts predict that OSI Systems, Inc. will post 8.09 EPS for the current fiscal year.

Analysts Set New Price Targets

OSIS has been the subject of a number of analyst reports. Oppenheimer raised their price target on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Roth Mkm lifted their price objective on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th.

Insider Transactions at OSI Systems

In other news, insider Paul Keith Morben sold 310 shares of OSI Systems stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the transaction, the insider now owns 8,834 shares in the company, valued at $1,175,098.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Paul Keith Morben sold 310 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total transaction of $41,236.20. Following the transaction, the insider now owns 8,834 shares in the company, valued at approximately $1,175,098.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Victor S. Sze sold 15,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the transaction, the general counsel now owns 63,116 shares in the company, valued at approximately $8,218,334.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,605 shares of company stock worth $15,870,472. Company insiders own 5.60% of the company’s stock.

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.