Neumeier Poma Investment Counsel LLC Has $48.49 Million Position in OSI Systems, Inc. $OSIS

Neumeier Poma Investment Counsel LLC reduced its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 1.5% during the third quarter, Holdings Channel reports. The fund owned 194,565 shares of the technology company’s stock after selling 2,897 shares during the period. OSI Systems comprises about 4.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 4th biggest position. Neumeier Poma Investment Counsel LLC’s holdings in OSI Systems were worth $48,493,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Mawer Investment Management Ltd. grew its holdings in shares of OSI Systems by 67.0% during the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after purchasing an additional 343,727 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of OSI Systems by 0.6% during the second quarter. Geode Capital Management LLC now owns 381,128 shares of the technology company’s stock valued at $85,711,000 after buying an additional 2,419 shares during the last quarter. Hood River Capital Management LLC increased its holdings in shares of 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 worth $84,786,000 after buying an additional 3,903 shares during the period. Invesco Ltd. lifted its stake in shares of OSI Systems by 29.6% in the 2nd 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 last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in OSI Systems by 31.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 138,014 shares of the technology company’s stock valued at $31,034,000 after acquiring an additional 33,263 shares during the period. 89.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on OSIS shares. Weiss Ratings downgraded OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, February 20th. Bank of America increased their price target on shares of OSI Systems from $265.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. B. Riley Financial boosted their price objective on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, January 30th. UBS Group set a $292.00 target price on shares of OSI Systems in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. boosted their price target on 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $282.00.

Insider Activity

In related news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

OSI Systems Price Performance

Shares of OSIS opened at $295.26 on Thursday. The firm’s 50-day simple moving average is $273.46 and its two-hundred day simple moving average is $257.87. OSI Systems, Inc. has a fifty-two week low of $153.40 and a fifty-two week high of $306.12. The stock has a market cap of $4.86 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 2.43 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.06. The company had revenue of $464.06 million for the quarter, compared to the consensus estimate of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.42 EPS. Analysts anticipate that OSI Systems, Inc. will post 9.22 earnings per share 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.