Mawer Investment Management Ltd. Buys New Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Mawer Investment Management Ltd. purchased a new stake in OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 377,298 shares of the technology company’s stock, valued at approximately $63,171,000.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after purchasing an additional 6,514 shares in the last quarter. Park Avenue Securities LLC increased its position in OSI Systems by 36.0% during the fourth quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after buying an additional 1,660 shares during the period. HighTower Advisors LLC purchased a new stake in OSI Systems in the third quarter valued at approximately $443,000. Citigroup Inc. boosted its holdings in shares of OSI Systems by 64.9% in the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock valued at $4,148,000 after acquiring an additional 10,753 shares during the period. Finally, FMR LLC increased its holdings in shares of OSI Systems by 4,891.4% in the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company’s stock valued at $97,839,000 after acquiring an additional 631,486 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Roth Mkm increased their price target on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Oppenheimer boosted their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. started coverage on OSI Systems in a research report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective for the company. Finally, B. Riley boosted their target price on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.00.

OSI Systems Stock Performance

NASDAQ OSIS opened at $193.32 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $196.64 and its two-hundred day moving average is $171.11. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a 12-month low of $126.57 and a 12-month high of $220.00.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

OSI Systems 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.