Concurrent Investment Advisors LLC Acquires Shares of 4,292 OSI Systems, Inc. $OSIS

Concurrent Investment Advisors LLC acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,292 shares of the technology company’s stock, valued at approximately $1,095,000.

Several other large investors also recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. boosted its position in OSI Systems by 67.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after buying an additional 343,727 shares during the period. UBS Group AG raised its holdings in shares of OSI Systems by 63.8% in the 3rd quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock valued at $78,843,000 after purchasing an additional 123,212 shares in the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of OSI Systems by 3.3% in the 3rd quarter. Clark Capital Management Group Inc. now owns 259,451 shares of the technology company’s stock valued at $64,666,000 after purchasing an additional 8,401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of OSI Systems in the 3rd quarter valued at about $40,222,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of OSI Systems by 5.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 94,574 shares of the technology company’s stock valued at $23,572,000 after purchasing an additional 5,240 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Trading Up 1.8%

NASDAQ OSIS opened at $286.92 on Friday. The company has a quick ratio of 2.31, a current ratio of 3.15 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.73 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 2.30 and a beta of 1.34. The company has a 50 day moving average price of $284.40 and a 200 day moving average price of $273.02. OSI Systems, Inc. has a 52 week low of $204.00 and a 52 week high of $311.72.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.52 by $0.06. The firm had revenue of $464.06 million during the quarter, compared to analyst estimates of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. OSI Systems’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.42 EPS. As a group, sell-side analysts forecast that OSI Systems, Inc. will post 10.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on OSIS. Citigroup began coverage on shares of OSI Systems in a report on Wednesday, April 15th. They issued a “buy” rating and a $345.00 price target for the company. B. Riley Financial boosted their price target on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, January 30th. Weiss Ratings lowered shares of OSI Systems from a “buy (a-)” rating to a “buy (b+)” rating in a report on Wednesday, April 15th. Roth Mkm boosted their price target on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $301.29.

Insider Activity at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of the business’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 transaction, the director owned 273,044 shares in the company, valued at $68,509,470.04. The trade was a 6.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by company 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.