Quest Partners LLC Boosts Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Quest Partners LLC raised its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 6,419.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,905 shares of the technology company’s stock after acquiring an additional 18,615 shares during the quarter. Quest Partners LLC owned approximately 0.11% of OSI Systems worth $2,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in OSI Systems by 1.6% in the first quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company’s stock valued at $178,508,000 after purchasing an additional 19,683 shares during the last quarter. Hood River Capital Management LLC grew its position in shares of OSI Systems by 10.6% in the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock worth $43,565,000 after buying an additional 30,464 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of OSI Systems by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock worth $17,540,000 after acquiring an additional 1,747 shares in the last quarter. Victory Capital Management Inc. lifted its position in OSI Systems by 25.8% during the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after acquiring an additional 25,262 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in OSI Systems by 24.4% in the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after acquiring an additional 15,945 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OSIS shares. B. Riley upped their price target on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Roth Mkm increased their price target on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their price target on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, Bank of America started coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.00.

Insider Transactions at OSI Systems

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. This trade represents a 4.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald M. Chizever sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. This trade represents a 46.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,107 shares of company stock worth $6,071,809 over the last 90 days. 5.20% of the stock is currently owned by company insiders.

OSI Systems Stock Down 0.8 %

OSI Systems stock opened at $150.70 on Monday. OSI Systems, Inc. has a fifty-two week low of $115.33 and a fifty-two week high of $158.69. The company has a market cap of $2.52 billion, a PE ratio of 19.67, a PEG ratio of 1.30 and a beta of 1.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The business’s 50-day simple moving average is $144.31 and its two-hundred day simple moving average is $142.11.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. During the same quarter in the prior year, the company earned $0.91 EPS. OSI Systems’s quarterly revenue was up 23.2% on a year-over-year basis. Equities analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current 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.