Numerai GP LLC Buys Shares of 13,820 OSI Systems, Inc. $OSIS

Numerai GP LLC purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,820 shares of the technology company’s stock, valued at approximately $3,444,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Salomon & Ludwin LLC acquired a new stake in OSI Systems during the third quarter worth approximately $32,000. Richardson Financial Services Inc. raised its holdings in OSI Systems by 58.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock valued at $36,000 after acquiring an additional 53 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of OSI Systems by 28.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock worth $64,000 after purchasing an additional 57 shares during the period. Strs Ohio purchased a new position in shares of OSI Systems during the 1st quarter worth $97,000. Finally, USA Financial Formulas boosted its holdings in shares of OSI Systems by 82.9% during the third quarter. USA Financial Formulas now owns 450 shares of the technology company’s stock worth $112,000 after purchasing an additional 204 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Roth Mkm upped their target price on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their price target on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. B. Riley Financial lifted their price target on OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 30th. UBS Group set a $292.00 price objective on shares of OSI Systems in a research note on Monday, December 1st. Finally, Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $282.00.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the sale, the director owned 273,044 shares of the company’s stock, valued at $68,509,470.04. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by company insiders.

OSI Systems Trading Up 2.7%

NASDAQ:OSIS opened at $278.35 on Tuesday. The business’s 50-day moving average is $277.28 and its two-hundred day moving average is $262.77. The firm has a market capitalization of $4.59 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. OSI Systems, Inc. has a 12 month low of $164.07 and a 12 month high of $306.12. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.06. The company had revenue of $464.06 million during the quarter, compared to the consensus estimate of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 earnings per share. Research analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

OSI Systems Company Profile

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.