New York Life Investment Management LLC Takes $478,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

Posted by Defense World Staff on Aug 17th, 2023

New York Life Investment Management LLC purchased a new stake in OSI Systems, Inc. (NASDAQ:OSIS – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,674 shares of the technology company’s stock, valued at approximately $478,000.

Other large investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of OSI Systems in the 2nd quarter valued at $25,000. Captrust Financial Advisors raised its holdings in shares of OSI Systems by 305.6% in the 1st quarter. Captrust Financial Advisors now owns 718 shares of the technology company’s stock valued at $61,000 after buying an additional 541 shares during the period. Mendota Financial Group LLC purchased a new stake in shares of OSI Systems in the 1st quarter valued at $89,000. Amundi purchased a new stake in shares of OSI Systems in the 4th quarter valued at $123,000. Finally, State of Wyoming raised its holdings in shares of OSI Systems by 31.1% in the 4th quarter. State of Wyoming now owns 1,468 shares of the technology company’s stock valued at $117,000 after buying an additional 348 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

Insiders Place Their Bets

In other OSI Systems news, VP Ajay Mehra sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $123.90, for a total transaction of $1,239,000.00. Following the sale, the vice president now owns 37,532 shares in the company, valued at approximately $4,650,214.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Deepak Chopra sold 27,380 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $118.95, for a total value of $3,256,851.00. Following the transaction, the chief executive officer now owns 474,848 shares in the company, valued at approximately $56,483,169.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ajay Mehra sold 10,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $123.90, for a total value of $1,239,000.00. Following the completion of the transaction, the vice president now owns 37,532 shares in the company, valued at approximately $4,650,214.80. The disclosure for this sale can be found here. Insiders have sold a total of 91,905 shares of company stock worth $11,292,939 in the last quarter. 6.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

OSIS has been the topic of several research analyst reports. StockNews.com upgraded OSI Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday. B. Riley boosted their price objective on OSI Systems from $120.00 to $137.00 in a report on Friday, April 28th.

View Our Latest Analysis on OSI Systems

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $116.22 on Thursday. The stock’s 50-day moving average is $119.49 and its two-hundred day moving average is $109.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.41 and a quick ratio of 0.74. OSI Systems, Inc. has a 1-year low of $69.31 and a 1-year high of $127.07. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.50 and a beta of 0.91.

OSI Systems Profile

(Free Report)

OSI Systems, Inc designs and manufactures specialized electronic systems and components for critical applications. The firm operates through the following segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment provides security inspection systems and related services, and turnkey security screening solutions.