OSI Systems, Inc. $OSIS Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 17.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,478 shares of the technology company’s stock after selling 2,373 shares during the period. Wedge Capital Management L L P NC owned about 0.07% of OSI Systems worth $2,928,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of OSIS. SG Americas Securities LLC raised its position in shares of OSI Systems by 14.7% during the 4th quarter. SG Americas Securities LLC now owns 4,498 shares of the technology company’s stock worth $1,147,000 after purchasing an additional 577 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of OSI Systems by 7.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 17,917 shares of the technology company’s stock valued at $4,570,000 after acquiring an additional 1,306 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of OSI Systems by 12.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 508 shares of the technology company’s stock valued at $130,000 after acquiring an additional 56 shares during the period. Park Avenue Securities LLC grew its holdings in shares of OSI Systems by 4.0% during the fourth quarter. Park Avenue Securities LLC now owns 7,430 shares of the technology company’s stock valued at $1,895,000 after buying an additional 285 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in OSI Systems by 19.6% in the 4th quarter. GAMMA Investing LLC now owns 330 shares of the technology company’s stock valued at $84,000 after buying an additional 54 shares during the period. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 273,044 shares in the company, valued at approximately $68,509,470.04. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is owned by corporate insiders.

OSI Systems Stock Performance

NASDAQ OSIS opened at $272.33 on Monday. The company has a current ratio of 3.15, a quick ratio of 2.31 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $276.74 and its two-hundred day moving average price is $265.69. OSI Systems, Inc. has a 12 month low of $164.07 and a 12 month high of $306.12. The firm has a market capitalization of $4.49 billion, a PE ratio of 30.84, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32.

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

Analyst Upgrades and Downgrades

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

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.