SG Capital Management LLC Takes Position in OSI Systems, Inc. (NASDAQ:OSIS)

SG Capital Management LLC Takes Position in OSI Systems, Inc. (NASDAQ:OSIS)

SG Capital Management LLC bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 46,007 shares of the technology company’s stock, valued at approximately $4,030,000. OSI Systems accounts for about 0.7% of SG Capital Management LLC’s portfolio, making the stock its 29th largest position. SG Capital Management LLC owned approximately 0.25% of OSI Systems as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of OSIS. Vanguard Group Inc. boosted its position in OSI Systems by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,741,981 shares of the technology company’s stock valued at $132,931,000 after buying an additional 25,797 shares during the period. Vanguard Group Inc increased its stake in shares of OSI Systems by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 1,741,981 shares of the technology company’s stock worth $132,931,000 after acquiring an additional 25,797 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of OSI Systems by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,083,252 shares of the technology company’s stock worth $79,403,000 after acquiring an additional 5,210 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of OSI Systems by 21.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 305,537 shares of the technology company’s stock worth $22,396,000 after acquiring an additional 53,035 shares in the last quarter. Finally, Norges Bank bought a new position in shares of OSI Systems in the 4th quarter worth about $20,676,000. 98.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on OSIS. BidaskClub lowered shares of OSI Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Zacks Investment Research downgraded shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Roth Capital raised their price objective on shares of OSI Systems from $97.00 to $122.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $107.00.

In other news, insider Deepak Chopra sold 69,574 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $87.85, for a total transaction of $6,112,075.90. Following the completion of the sale, the insider now directly owns 593,457 shares of the company’s stock, valued at $52,135,197.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ajay Mehra sold 30,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $100.77, for a total transaction of $3,023,100.00. Following the completion of the sale, the insider now directly owns 159,274 shares of the company’s stock, valued at $16,050,040.98. The disclosure for this sale can be found here. Insiders have sold 199,074 shares of company stock worth $18,498,631 in the last quarter. Company insiders own 8.60% of the company’s stock.

Shares of OSI Systems stock traded down $0.25 on Wednesday, hitting $102.39. 139,637 shares of the company traded hands, compared to its average volume of 159,748. OSI Systems, Inc. has a 52 week low of $66.70 and a 52 week high of $104.46. The stock has a market cap of $1.85 billion, a P/E ratio of 28.36, a PEG ratio of 1.97 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.85.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.23. OSI Systems had a net margin of 4.59% and a return on equity of 15.66%. The company had revenue of $304.30 million for the quarter, compared to analysts’ expectations of $289.15 million. During the same quarter in the previous year, the business posted $0.86 earnings per share. OSI Systems’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, equities analysts expect that OSI Systems, Inc. will post 4.22 EPS for the current year.

OSI Systems Company Profile

OSI Systems, Inc designs, manufactures, and sells electronic systems and components worldwide. The company's Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation detection, and explosive and narcotics trace detection systems under the Rapiscan Systems and AS&E names.

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