First Hawaiian Bank Takes $389,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

First Hawaiian Bank bought a new position in OSI Systems, Inc. (NASDAQ:OSIS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,829 shares of the technology company’s stock, valued at approximately $389,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OSIS. International Assets Investment Management LLC raised its holdings in shares of OSI Systems by 3,585.7% during the 4th 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 in the last quarter. Louisiana State Employees Retirement System purchased a new stake in OSI Systems during the fourth quarter valued at $1,007,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in OSI Systems by 25.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,844 shares of the technology company’s stock valued at $496,000 after purchasing an additional 782 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of OSI Systems by 22.2% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,700 shares of the technology company’s stock worth $994,000 after buying an additional 1,400 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of OSI Systems in the 4th quarter worth $762,000. 89.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 428,615 shares of the company’s stock, valued at approximately $59,898,946.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,567 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $143.58, for a total value of $368,569.86. Following the completion of the sale, the insider now directly owns 81,473 shares of the company’s stock, valued at approximately $11,697,893.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Deepak Chopra sold 40,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the transaction, the chief executive officer now owns 428,615 shares in the company, valued at $59,898,946.25. The disclosure for this sale can be found here. Insiders have sold 92,216 shares of company stock valued at $13,062,786 in the last ninety days. 5.60% of the stock is owned by company insiders.

OSI Systems Trading Up 2.0 %

Shares of OSI Systems stock traded up $2.71 during trading on Tuesday, hitting $137.49. The stock had a trading volume of 51,957 shares, compared to its average volume of 105,734. OSI Systems, Inc. has a 12 month low of $103.04 and a 12 month high of $153.41. 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 firm’s fifty day simple moving average is $140.80 and its 200-day simple moving average is $137.17. The stock has a market cap of $2.34 billion, a PE ratio of 18.74, a PEG ratio of 1.52 and a beta of 1.09.

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.