Stifel Financial Corp Raises Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Stifel Financial Corp boosted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 24.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,233 shares of the technology company’s stock after purchasing an additional 1,592 shares during the quarter. Stifel Financial Corp’s holdings in OSI Systems were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC raised its stake in OSI Systems by 2.5% during the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock worth $183,589,000 after purchasing an additional 29,858 shares during the period. FMR LLC increased its stake in OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares during the last quarter. Hood River Capital Management LLC raised its holdings in shares of 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 worth $43,565,000 after purchasing an additional 30,464 shares during the period. Primecap Management Co. CA lifted its stake in shares of OSI Systems by 4.9% in the 3rd quarter. Primecap Management Co. CA now owns 294,500 shares of the technology company’s stock valued at $44,714,000 after purchasing an additional 13,880 shares in the last quarter. Finally, Systematic Financial Management LP grew its stake in OSI Systems by 13.4% during the third quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company’s stock worth $40,135,000 after buying an additional 31,269 shares during the period. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insider Activity

In related news, Director Gerald M. Chizever sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $148.16, for a total value of $296,320.00. Following the completion of the sale, the director now directly owns 7,701 shares of the company’s stock, valued at $1,140,980.16. The trade was a 20.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Alan I. Edrick sold 2,354 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total value of $443,540.68. Following the sale, the chief financial officer now owns 312,444 shares in the company, valued at $58,870,698.48. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,591 shares of company stock worth $7,557,745. 5.20% of the stock is currently owned by insiders.

OSI Systems Stock Performance

Shares of OSIS stock opened at $175.07 on Monday. 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’s fifty day moving average price is $159.31 and its two-hundred day moving average price is $148.63. The firm has a market capitalization of $2.93 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.55 and a beta of 1.18. OSI Systems, Inc. has a 12 month low of $120.42 and a 12 month high of $189.13.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The business had revenue of $344.01 million for the quarter, compared to analysts’ expectations of $318.66 million. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up 23.2% compared to the same quarter last year. On average, research analysts anticipate that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OSIS has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Bank of America assumed coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and a consensus target price of $179.00.

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.