Pasadena Private Wealth LLC Invests $1.06 Million in OSI Systems, Inc. $OSIS

Pasadena Private Wealth LLC purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,829 shares of the technology company’s stock, valued at approximately $1,056,000.

Several other institutional investors also recently bought and sold shares of the business. Danske Bank A S acquired a new stake in shares of OSI Systems in the third quarter worth approximately $25,000. Group One Trading LLC purchased a new position in OSI Systems during the first quarter worth approximately $27,000. Private Trust Co. NA raised its stake in OSI Systems by 179.5% during the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock worth $31,000 after purchasing an additional 79 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of OSI Systems in the 4th quarter valued at $32,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of OSI Systems by 119.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock valued at $43,000 after purchasing an additional 92 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OSIS has been the subject of several research analyst reports. Roth Capital restated a “buy” rating and set a $310.00 price target on shares of OSI Systems in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of OSI Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Citigroup reduced their price target on shares of OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Bank of America decreased their price objective on shares of OSI Systems from $315.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and a consensus price target of $291.86.

OSI Systems Stock Performance

Shares of OSIS stock opened at $220.92 on Thursday. OSI Systems, Inc. has a 12 month low of $197.27 and a 12 month high of $311.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.25 and a quick ratio of 2.42. The firm has a market capitalization of $3.64 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.63 and a beta of 1.21. The company’s fifty day moving average price is $220.98 and its two-hundred day moving average price is $247.53.

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.