Neumeier Poma Investment Counsel LLC Boosts Position in OSI Systems, Inc. (NASDAQ:OSIS)

Neumeier Poma Investment Counsel LLC grew its position in OSI Systems, Inc. (NASDAQ:OSISFree Report) by 1.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 369,200 shares of the technology company’s stock after buying an additional 6,265 shares during the period. OSI Systems makes up about 4.3% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 2nd largest holding. Neumeier Poma Investment Counsel LLC owned about 2.17% of OSI Systems worth $43,580,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of OSI Systems by 7,525.3% in the first quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company’s stock worth $332,000 after acquiring an additional 443,389 shares during the period. Norges Bank bought a new stake in OSI Systems during the fourth quarter valued at approximately $14,044,000. Ophir Asset Management Pty Ltd bought a new stake in OSI Systems during the second quarter valued at approximately $14,493,000. Thematics Asset Management bought a new stake in OSI Systems during the second quarter valued at approximately $14,375,000. Finally, Intrinsic Edge Capital Management LLC bought a new stake in OSI Systems during the second quarter valued at approximately $13,461,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lifted their price target on shares of OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a report on Friday, January 26th.

Check Out Our Latest Analysis on OSI Systems

Insider Buying and Selling at OSI Systems

In other news, General Counsel Victor S. Sze sold 15,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $131.22, for a total value of $1,968,300.00. Following the transaction, the general counsel now directly owns 78,116 shares of the company’s stock, valued at $10,250,381.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now owns 468,615 shares in the company, valued at $60,502,882.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of OSI Systems stock in a transaction on Monday, January 29th. The shares were sold at an average price of $131.22, for a total value of $1,968,300.00. Following the completion of the sale, the general counsel now owns 78,116 shares in the company, valued at approximately $10,250,381.52. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

OSI Systems Price Performance

NASDAQ:OSIS traded up $2.78 during trading hours on Thursday, hitting $133.90. 63,445 shares of the stock traded hands, compared to its average volume of 107,909. The stock has a 50 day moving average price of $127.22 and a 200 day moving average price of $121.67. OSI Systems, Inc. has a 1 year low of $89.72 and a 1 year high of $139.90. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.47 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 1.43 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSISGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.74 by $0.47. The business had revenue of $373.20 million during the quarter, compared to the consensus estimate of $364.29 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The business’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. Sell-side analysts forecast that OSI Systems, Inc. will post 8.03 EPS for the current fiscal year.

OSI Systems Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for OSI Systems (NASDAQ:OSIS)

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