Pasadena Private Wealth LLC Takes $1.06 Million Position in OSI Systems, Inc. $OSIS

Pasadena Private Wealth LLC purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 4,829 shares of the technology company’s stock, valued at approximately $1,056,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Abel Hall LLC raised its holdings in OSI Systems by 3.6% in the first quarter. Abel Hall LLC now owns 1,113 shares of the technology company’s stock valued at $296,000 after acquiring an additional 39 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in OSI Systems by 6.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 815 shares of the technology company’s stock worth $208,000 after acquiring an additional 49 shares in the last quarter. Severin Investments LLC increased its position in shares of OSI Systems by 3.0% in the 4th quarter. Severin Investments LLC now owns 1,940 shares of the technology company’s stock worth $495,000 after purchasing an additional 56 shares during the last quarter. HB Wealth Management LLC increased its position in shares of OSI Systems by 7.0% in the 1st quarter. HB Wealth Management LLC now owns 1,045 shares of the technology company’s stock worth $277,000 after purchasing an additional 68 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of OSI Systems by 10.8% in the 4th quarter. Assetmark Inc. now owns 741 shares of the technology company’s stock valued at $189,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Up 1.0%

OSI Systems stock opened at $220.92 on Thursday. The firm’s 50-day moving average is $220.98 and its 200-day moving average is $247.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.42 and a current ratio of 3.25. OSI Systems, Inc. has a 1 year low of $197.27 and a 1 year high of $311.72. The company has a market cap of $3.64 billion, a P/E ratio of 25.22, a PEG ratio of 1.63 and a beta of 1.21.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Roth Capital reaffirmed a “buy” rating and set a $310.00 price target on shares of OSI Systems in a research report on Tuesday, May 5th. Bank of America lowered their price objective on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a report on Monday, July 20th. Weiss Ratings cut OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Finally, Citigroup reduced their target price on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $291.86.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.