Swedbank AB lifted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 6.6% during the 1st quarter, Holdings Channel reports. The firm owned 117,740 shares of the technology company’s stock after purchasing an additional 7,327 shares during the quarter. Swedbank AB’s holdings in OSI Systems were worth $31,261,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. William Blair Investment Management LLC acquired a new stake in OSI Systems in the fourth quarter worth $48,800,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OSI Systems during the third quarter valued at about $40,222,000. UBS Group AG raised its holdings in shares of OSI Systems by 63.8% during the third quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock valued at $78,843,000 after purchasing an additional 123,212 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of OSI Systems during the 2nd quarter worth about $13,576,000. Finally, Wellington Management Group LLP bought a new position in shares of OSI Systems during the 4th quarter worth about $12,718,000. 89.21% of the stock is currently owned by institutional investors.
OSI Systems Trading Down 0.6%
NASDAQ OSIS opened at $217.42 on Thursday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 24.82, a PEG ratio of 1.64 and a beta of 1.20. The business has a fifty day simple moving average of $222.94 and a 200 day simple moving average of $258.71. OSI Systems, Inc. has a 12 month low of $197.27 and a 12 month high of $311.72. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Weiss Ratings lowered OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Citigroup reduced their price objective on OSI Systems from $345.00 to $279.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Roth Capital restated a “buy” rating and set a $310.00 price objective on shares of OSI Systems in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.00.
View Our Latest Report on OSI Systems
Insiders Place Their Bets
In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $281.84, for a total value of $5,636,800.00. Following the completion of the sale, the director directly owned 253,044 shares of the company’s stock, valued at approximately $71,317,920.96. This represents a 7.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 4.30% of the company’s stock.
OSI Systems 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.
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