Prospect Capital Advisors LLC decreased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,485 shares of the technology company’s stock after selling 2,500 shares during the quarter. OSI Systems comprises approximately 7.2% of Prospect Capital Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Prospect Capital Advisors LLC’s holdings in OSI Systems were worth $13,139,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Danske Bank A S acquired a new position in shares of OSI Systems during the 3rd quarter valued at $25,000. Group One Trading LLC acquired a new stake in OSI Systems in the first quarter worth $27,000. Private Trust Co. NA grew its holdings in OSI Systems by 179.5% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after purchasing an additional 79 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in OSI Systems in the fourth quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of OSI Systems by 119.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock valued at $43,000 after purchasing an additional 92 shares during the period. Institutional investors own 89.21% of the company’s stock.
OSI Systems Stock Performance
NASDAQ OSIS opened at $221.39 on Friday. The company has a market cap of $3.65 billion, a P/E ratio of 25.27, a PEG ratio of 1.66 and a beta of 1.20. The company has a fifty day simple moving average of $216.92 and a 200 day simple moving average of $252.40. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12. OSI Systems, Inc. has a 12-month low of $197.27 and a 12-month high of $311.72.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Weiss Ratings cut shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Bank of America decreased their target price on OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Roth Capital reaffirmed a “buy” rating and set a $310.00 price target on shares of OSI Systems in a research note on Tuesday, May 5th. Finally, Citigroup cut their price target on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $291.86.
Read Our Latest Stock Analysis on OSI Systems
Insider Activity at OSI Systems
In related 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 sale, the director owned 253,044 shares in the company, valued at $71,317,920.96. This represents a 7.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.30% of the stock is currently owned by insiders.
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.
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