Numerai GP LLC Acquires New Position in OSI Systems, Inc. $OSIS

Numerai GP LLC bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 13,820 shares of the technology company’s stock, valued at approximately $3,444,000. Numerai GP LLC owned 0.08% of OSI Systems at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Mawer Investment Management Ltd. lifted its holdings in shares of 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. Geode Capital Management LLC raised its position in OSI Systems by 0.6% in the second quarter. Geode Capital Management LLC now owns 381,128 shares of the technology company’s stock worth $85,711,000 after acquiring an additional 2,419 shares in the last quarter. Hood River Capital Management LLC lifted its holdings in OSI Systems by 1.0% in the second quarter. Hood River Capital Management LLC now owns 377,061 shares of the technology company’s stock valued at $84,786,000 after acquiring an additional 3,903 shares during the period. Invesco Ltd. lifted its holdings in OSI Systems by 29.6% in the second quarter. Invesco Ltd. now owns 319,258 shares of the technology company’s stock valued at $71,788,000 after acquiring an additional 73,004 shares during the period. Finally, UBS Group AG boosted its position in shares of OSI Systems by 63.8% during the 3rd quarter. UBS Group AG now owns 316,334 shares of the technology company’s stock worth $78,843,000 after purchasing an additional 123,212 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OSIS. UBS Group set a $292.00 price target on shares of OSI Systems in a research note on Monday, December 1st. Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, March 11th. Roth Mkm upped their target price on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. B. Riley Financial increased their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $282.00.

Insiders Place Their Bets

In other news, Director Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the transaction, the director directly owned 273,044 shares of the company’s stock, valued at $68,509,470.04. The trade was a 6.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.30% of the company’s stock.

OSI Systems Stock Up 2.7%

Shares of NASDAQ OSIS opened at $278.35 on Tuesday. The firm’s 50-day moving average is $277.28 and its two-hundred day moving average is $262.77. The company has a market capitalization of $4.59 billion, a PE ratio of 31.52, a price-to-earnings-growth ratio of 2.21 and a beta of 1.32. OSI Systems, Inc. has a 12-month low of $164.07 and a 12-month high of $306.12. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.06. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The business had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. During the same period last year, the company posted $2.42 EPS. The company’s revenue was up 10.5% on a year-over-year basis. Equities analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.