Primecap Management Co. CA Sells 14,790 Shares of OSI Systems, Inc. $OSIS

Primecap Management Co. CA lessened its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,630 shares of the technology company’s stock after selling 14,790 shares during the period. Primecap Management Co. CA’s holdings in OSI Systems were worth $76,424,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in shares of OSI Systems by 78.7% in the 2nd quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after buying an additional 59 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of OSI Systems during the third quarter valued at $32,000. Richardson Financial Services Inc. boosted its holdings in OSI Systems by 58.2% in the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock valued at $36,000 after acquiring an additional 53 shares during the last quarter. Nisa Investment Advisors LLC increased its position in OSI Systems by 28.6% in the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock worth $64,000 after purchasing an additional 57 shares during the period. Finally, Assetmark Inc. increased its position in OSI Systems by 45.1% in the second quarter. Assetmark Inc. now owns 415 shares of the technology company’s stock worth $93,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the stock in a transaction dated 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 sale, the director directly owned 273,044 shares in the company, valued at $68,509,470.04. This represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.30% of the company’s stock.

OSI Systems Stock Down 1.8%

Shares of NASDAQ OSIS opened at $289.92 on Friday. OSI Systems, Inc. has a 52-week low of $153.40 and a 52-week high of $306.12. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The stock has a market cap of $4.77 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.41 and a beta of 1.35. The firm has a 50 day moving average price of $273.92 and a 200 day moving average price of $258.09.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results 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 company had revenue of $464.06 million for the quarter, compared to analysts’ expectations of $449.51 million. During the same period last year, the firm posted $2.42 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OSIS shares. Bank of America upped their target price 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 target on shares of OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. UBS Group set a $292.00 price objective on shares of OSI Systems in a research note on Monday, December 1st. Weiss Ratings lowered shares of OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, February 20th. Finally, Roth Mkm increased their price target on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.00.

OSI Systems 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.