Nicholas Investment Partners LP Acquires 1,619 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Nicholas Investment Partners LP increased its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,299 shares of the technology company’s stock after purchasing an additional 1,619 shares during the period. Nicholas Investment Partners LP’s holdings in OSI Systems were worth $8,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in OSI Systems by 252.3% during the third quarter. Barclays PLC now owns 35,519 shares of the technology company’s stock valued at $5,392,000 after buying an additional 25,437 shares during the period. Franklin Resources Inc. boosted its holdings in OSI Systems by 3.5% during the 3rd quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock valued at $1,429,000 after acquiring an additional 324 shares during the period. Park Avenue Securities LLC boosted its holdings in OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock valued at $1,051,000 after acquiring an additional 1,660 shares during the period. Avanza Fonder AB bought a new position in OSI Systems during the 4th quarter worth approximately $370,000. Finally, Wedge Capital Management L L P NC increased its stake in OSI Systems by 9.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 32,436 shares of the technology company’s stock worth $5,431,000 after purchasing an additional 2,710 shares during the period. Institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price on the stock. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. B. Riley restated a “buy” rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Roth Mkm increased their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Finally, Oppenheimer raised their target price on OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $228.33.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $230.25 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $196.98 and its 200 day simple moving average is $183.77. The stock has a market cap of $3.87 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $233.80.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same quarter in the previous year, the firm posted $2.16 EPS. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Buying and Selling at OSI Systems

In related news, Director William Francis Ballhaus, Jr. sold 933 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the sale, the director now directly owns 24,805 shares of the company’s stock, valued at $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the transaction, the chairman now directly owns 339,478 shares of the company’s stock, valued at $75,292,825.62. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,621 shares of company stock valued at $4,795,570. 5.20% of the stock is currently owned by corporate insiders.

About OSI Systems

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.