Sei Investments Co. Purchases 5,168 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Sei Investments Co. boosted its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 69.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,579 shares of the technology company’s stock after purchasing an additional 5,168 shares during the period. Sei Investments Co. owned about 0.07% of OSI Systems worth $1,730,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. West Paces Advisors Inc. bought a new position in OSI Systems during the 1st quarter worth about $28,000. Quest Partners LLC acquired a new position in shares of OSI Systems during the 2nd quarter worth about $40,000. Cape Investment Advisory Inc. acquired a new position in shares of OSI Systems during the 1st quarter worth about $63,000. Covestor Ltd boosted its stake in shares of OSI Systems by 48,000.0% during the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock worth $69,000 after buying an additional 480 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of OSI Systems during the 2nd quarter worth about $82,000. Institutional investors own 89.21% of the company’s stock.

Insiders Place Their Bets

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,107 shares of company stock worth $3,474,189 over the last three months. Insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of OSI Systems in a research note on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price objective for the company. Roth Mkm increased their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. B. Riley increased their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Bank of America initiated coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.60.

OSI Systems Trading Up 0.5 %

Shares of NASDAQ:OSIS opened at $145.48 on Friday. OSI Systems, Inc. has a 52-week low of $103.04 and a 52-week high of $158.69. The company has a market capitalization of $2.48 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. The company has a 50-day simple moving average of $144.18 and a 200 day simple moving average of $140.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.05. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The business had revenue of $480.91 million during the quarter, compared to the consensus estimate of $467.24 million. During the same period last year, the business posted $2.66 EPS. OSI Systems’s revenue was up 16.8% on a year-over-year basis. Sell-side analysts forecast that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

OSI Systems Company 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.