Cornerstone Investment Partners LLC Takes $206,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

Cornerstone Investment Partners LLC acquired a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,232 shares of the technology company’s stock, valued at approximately $206,000.

Other institutional investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. raised its holdings in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC raised its stake in OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after buying an additional 195 shares during the period. International Assets Investment Management LLC lifted its holdings in OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares in the last quarter. KBC Group NV grew its stake in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after acquiring an additional 189 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after acquiring an additional 207 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of OSIS stock opened at $191.68 on Wednesday. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00. The company’s fifty day simple moving average is $187.44 and its 200-day simple moving average is $165.55. The firm has a market cap of $3.22 billion, a PE ratio of 24.67, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on OSIS. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 price objective on the stock. B. Riley lifted their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Oppenheimer increased their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Roth Mkm upped their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $212.00.

Insider Buying and Selling

In other news, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the transaction, the insider now owns 78,094 shares of the company’s stock, valued at $14,058,481.88. This trade represents a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,719 shares of company stock worth $5,208,248. Insiders own 5.20% of the company’s stock.

OSI Systems Profile

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.