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

Mawer Investment Management Ltd. lifted its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 22.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,022 shares of the technology company’s stock after buying an additional 83,724 shares during the period. Mawer Investment Management Ltd.’s holdings in OSI Systems were worth $89,595,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. State of Wyoming boosted its position in shares of OSI Systems by 1.9% in the fourth quarter. State of Wyoming now owns 2,698 shares of the technology company’s stock worth $452,000 after buying an additional 51 shares during the period. MetLife Investment Management LLC boosted its position in shares of OSI Systems by 0.7% in the fourth quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after buying an additional 61 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of OSI Systems by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after buying an additional 74 shares during the period. Hohimer Wealth Management LLC boosted its position in shares of OSI Systems by 4.2% in the first quarter. Hohimer Wealth Management LLC now owns 1,927 shares of the technology company’s stock worth $374,000 after buying an additional 77 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of OSI Systems by 2.8% in the fourth quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company’s stock worth $701,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Down 0.9%

Shares of NASDAQ OSIS opened at $224.07 on Tuesday. The stock’s 50 day moving average price is $222.97 and its two-hundred day moving average price is $206.26. OSI Systems, Inc. has a 52-week low of $129.18 and a 52-week high of $241.64. The stock has a market capitalization of $3.76 billion, a P/E ratio of 27.26, a PEG ratio of 1.91 and a beta of 1.27. The company has a quick ratio of 1.38, a current ratio of 2.11 and a debt-to-equity ratio of 0.53.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The firm had revenue of $444.35 million for the quarter, compared to analysts’ expectations of $436.49 million. During the same quarter in the prior year, the firm posted $2.16 earnings per share. OSI Systems’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on OSIS shares. Roth Mkm increased their price target on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. B. Riley reissued a “buy” rating and issued a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Oppenheimer increased their price target on OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Wells Fargo & Company reduced their price target on OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen raised OSI Systems from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $228.33.

Insider Activity

In other news, CFO Alan I. Edrick sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the sale, the chief financial officer directly owned 284,953 shares in the company, valued at approximately $65,254,237. This represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the sale, the director owned 11,214 shares in the company, valued at $2,659,400.10. The trade was a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,371 shares of company stock valued at $9,784,380 over the last three months. Company insiders own 5.20% of the company’s stock.

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.