SteelPeak Wealth LLC Takes $676,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

SteelPeak Wealth LLC bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,039 shares of the technology company’s stock, valued at approximately $676,000.

Several other hedge funds have also recently bought and sold shares of OSIS. International Assets Investment Management LLC increased its position in shares of OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares in the last quarter. KBC Group NV boosted its position in OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the period. nVerses Capital LLC acquired a new stake in OSI Systems in the 3rd quarter valued at $182,000. Hohimer Wealth Management LLC purchased a new position in OSI Systems in the third quarter valued at about $264,000. Finally, Truvestments Capital LLC lifted its stake in shares of OSI Systems by 11.1% during the third quarter. Truvestments Capital LLC now owns 2,159 shares of the technology company’s stock worth $328,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

OSIS has been the subject of a number of recent research reports. Oppenheimer increased their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. B. Riley raised their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Roth Mkm boosted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, OSI Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $209.40.

Insider Buying and Selling

In other OSI Systems news, CFO Alan I. Edrick sold 2,354 shares of OSI Systems stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total value of $443,540.68. Following the completion of the transaction, the chief financial officer now owns 312,444 shares of the company’s stock, valued at $58,870,698.48. The trade was a 0.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, the director now directly owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,292 shares of company stock worth $8,086,682. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Stock Down 0.4 %

OSIS stock opened at $196.20 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $174.41 and a 200-day simple moving average of $155.21. The company has a market capitalization of $3.28 billion, a P/E ratio of 25.61, a PEG ratio of 1.44 and a beta of 1.19. OSI Systems, Inc. has a twelve month low of $126.57 and a twelve month high of $201.42.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. On average, equities research analysts predict that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

OSI Systems Company Profile

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.