Nordea Investment Management AB Has $8.92 Million Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Nordea Investment Management AB increased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,821 shares of the technology company’s stock after purchasing an additional 2,270 shares during the quarter. Nordea Investment Management AB owned approximately 0.32% of OSI Systems worth $8,915,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after acquiring an additional 6,514 shares during the last quarter. Victory Capital Management Inc. increased its stake in OSI Systems by 25.8% during the third quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after acquiring an additional 25,262 shares during the period. Renaissance Technologies LLC grew its holdings in shares of OSI Systems by 79.8% during the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after purchasing an additional 11,400 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of OSI Systems in the third quarter valued at $443,000. Finally, Citigroup Inc. boosted its stake in OSI Systems by 64.9% during the third quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after buying an additional 10,753 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Deepak Chopra sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the completion of the sale, the chief executive officer now directly owns 424,323 shares of the company’s stock, valued at $65,099,634.66. The trade was a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the transaction, the insider now directly owns 80,603 shares in the company, valued at approximately $14,539,975.17. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,591 shares of company stock worth $7,557,745 in the last quarter. Insiders own 5.20% of the company’s stock.

OSI Systems Trading Down 3.5 %

Shares of OSIS opened at $157.66 on Friday. The stock has a fifty day moving average price of $166.92 and a two-hundred day moving average price of $151.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.55 and a beta of 1.19. OSI Systems, Inc. has a 52-week low of $120.42 and a 52-week high of $189.13.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm had revenue of $344.01 million for the quarter, compared to analyst estimates of $318.66 million. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue was up 23.2% on a year-over-year basis. Analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OSIS. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company increased their target price on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America started coverage on OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $179.00.

About OSI Systems

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.