Nordea Investment Management AB Reduces Stock Position in OSI Systems, Inc. $OSIS

Nordea Investment Management AB reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 12.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,083 shares of the technology company’s stock after selling 6,896 shares during the period. Nordea Investment Management AB’s holdings in OSI Systems were worth $12,589,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OSIS. Severin Investments LLC increased its holdings in shares of OSI Systems by 2.6% during the third quarter. Severin Investments LLC now owns 1,884 shares of the technology company’s stock valued at $470,000 after purchasing an additional 48 shares during the period. Richardson Financial Services Inc. lifted its holdings in OSI Systems by 58.2% in the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after purchasing an additional 53 shares during the period. GAMMA Investing LLC grew its position 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 in the last quarter. Nisa Investment Advisors LLC grew its position in OSI Systems by 28.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock valued at $64,000 after buying an additional 57 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in OSI Systems by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 4,711 shares of the technology company’s stock valued at $1,174,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $285.27 on Wednesday. OSI Systems, Inc. has a twelve month low of $164.07 and a twelve month high of $306.12. 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 company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.36 and a beta of 1.32. The firm has a 50-day moving average of $277.50 and a two-hundred day moving average of $264.73.

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

Insiders Place Their Bets

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