OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 15,075.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 607 shares of the technology company’s stock after purchasing an additional 603 shares during the quarter. International Assets Investment Management LLC’s holdings in OSI Systems were worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in OSIS. Victory Capital Management Inc. grew its stake in OSI Systems by 713.1% during the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after buying an additional 85,904 shares during the last quarter. Great Lakes Advisors LLC bought a new position in shares of OSI Systems during the second quarter worth about $5,208,000. Envestnet Asset Management Inc. increased its holdings in shares of OSI Systems by 174.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock worth $6,927,000 after acquiring an additional 32,029 shares during the period. Hood River Capital Management LLC lifted its position in OSI Systems by 10.6% in the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after purchasing an additional 30,464 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in OSI Systems by 86.4% during the 2nd quarter. Van ECK Associates Corp now owns 65,401 shares of the technology company’s stock valued at $8,994,000 after purchasing an additional 30,309 shares during the period. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

OSIS opened at $149.03 on Friday. The business has a 50 day moving average price of $143.34 and a two-hundred day moving average price of $141.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. OSI Systems, Inc. has a 1-year low of $108.15 and a 1-year high of $158.69.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analyst estimates of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Research analysts predict that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul Keith Morben sold 1,107 shares of the business’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 value of $160,559.28. Following the sale, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares of the company’s stock, valued at $479,175.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,107 shares of company stock worth $3,474,189. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OSIS shares. Wells Fargo & Company raised their price target on shares of OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. Roth Mkm increased their price target on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, B. Riley lifted their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

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.