Proficio Capital Partners LLC Buys Shares of 29,468 OSI Systems, Inc. (NASDAQ:OSIS)

Proficio Capital Partners LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS) in the 4th quarter, HoldingsChannel reports. The fund bought 29,468 shares of the technology company’s stock, valued at approximately $4,934,000.

Other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in OSI Systems by 2.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock worth $183,589,000 after buying an additional 29,858 shares in the last quarter. State Street Corp boosted its position in OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after acquiring an additional 6,514 shares during the period. FMR LLC grew its stake in shares of OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after purchasing an additional 631,486 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of OSI Systems by 1.5% during the third quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company’s stock valued at $57,720,000 after purchasing an additional 5,718 shares during the period. Finally, Primecap Management Co. CA increased its holdings in shares of OSI Systems by 4.9% during the third quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after purchasing an additional 13,880 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. B. Riley increased their price objective 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 research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. Roth Mkm upped 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. Finally, Oppenheimer increased their price target on 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 given a buy rating to the company’s stock. Based on data from MarketBeat, OSI Systems presently has an average rating of “Moderate Buy” and an average price target of $212.00.

Insider Activity

In other OSI Systems news, CFO Alan I. Edrick sold 2,354 shares of OSI Systems stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the transaction, the chief financial officer now directly owns 312,444 shares in the company, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the sale, the insider now owns 80,603 shares of the company’s stock, valued at $14,539,975.17. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,447 shares of company stock valued at $5,519,962 over the last three months. Insiders own 5.20% of the company’s stock.

OSI Systems Stock Down 3.1 %

OSIS stock opened at $199.88 on Tuesday. The firm has a market cap of $3.36 billion, a PE ratio of 25.72, 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 company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $187.13 and a 200 day simple moving average of $165.22.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating 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%. Equities research analysts forecast that OSI Systems, Inc. will post 9.22 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.