Clark Capital Management Group Inc. boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 266,114 shares of the technology company’s stock after acquiring an additional 6,663 shares during the quarter. Clark Capital Management Group Inc.’s holdings in OSI Systems were worth $67,875,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Danske Bank A S acquired a new stake in OSI Systems in the third quarter valued at about $25,000. Private Trust Co. NA boosted its stake in OSI Systems by 179.5% in the fourth quarter. Private Trust Co. NA now owns 123 shares of the technology company’s stock valued at $31,000 after buying an additional 79 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in OSI Systems by 119.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 169 shares of the technology company’s stock valued at $43,000 after buying an additional 92 shares in the last quarter. First Horizon Corp acquired a new stake in OSI Systems in the fourth quarter valued at about $45,000. Finally, GAMMA Investing LLC boosted its stake in OSI Systems by 19.6% in the fourth quarter. GAMMA Investing LLC now owns 330 shares of the technology company’s stock valued at $84,000 after buying an additional 54 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.
OSI Systems Stock Performance
Shares of OSIS stock opened at $220.70 on Wednesday. The business’s 50-day moving average price is $247.13 and its 200-day moving average price is $264.03. OSI Systems, Inc. has a 12 month low of $197.27 and a 12 month high of $311.72. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.82 and a beta of 1.21. The company has a current ratio of 3.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.12.
Wall Street Analyst Weigh In
Several research firms recently weighed in on OSIS. Weiss Ratings lowered OSI Systems from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Roth Mkm reissued a “buy” rating and set a $310.00 price target on shares of OSI Systems in a research note on Tuesday, May 5th. Finally, Citigroup cut their price target on OSI Systems from $345.00 to $279.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $294.00.
Read Our Latest Stock Analysis on OSIS
Insider Activity at OSI Systems
In other news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $281.84, for a total transaction of $5,636,800.00. Following the sale, the director directly owned 253,044 shares of the company’s stock, valued at approximately $71,317,920.96. This trade represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.30% of the company’s stock.
About OSI Systems
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.
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