OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 36.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,275 shares of the technology company’s stock after purchasing an additional 1,660 shares during the period. Park Avenue Securities LLC’s holdings in OSI Systems were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Oliver Luxxe Assets LLC grew its holdings in OSI Systems by 6.0% in the fourth quarter. Oliver Luxxe Assets LLC now owns 22,689 shares of the technology company’s stock valued at $3,799,000 after purchasing an additional 1,293 shares during the period. Nordea Investment Management AB lifted its position in shares of OSI Systems by 4.5% in the fourth quarter. Nordea Investment Management AB now owns 52,821 shares of the technology company’s stock valued at $8,915,000 after acquiring an additional 2,270 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of OSI Systems by 3.5% in the third quarter. Franklin Resources Inc. now owns 9,560 shares of the technology company’s stock valued at $1,429,000 after acquiring an additional 324 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of OSI Systems in the third quarter valued at approximately $16,713,000. Finally, Hohimer Wealth Management LLC purchased a new position in shares of OSI Systems in the third quarter valued at approximately $264,000. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 2,354 shares of OSI Systems stock in a transaction on Thursday, December 12th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction on Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the sale, the insider now owns 78,094 shares in the company, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,591 shares of company stock worth $7,557,745 over the last quarter. 5.20% of the stock is currently owned by company insiders.

OSI Systems Stock Performance

Shares of OSI Systems stock opened at $166.56 on Tuesday. OSI Systems, Inc. has a one year low of $121.30 and a one year high of $189.13. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.31 and a beta of 1.19. 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 business’s 50 day moving average price is $169.20 and its 200 day moving average price is $152.68.

OSI Systems (NASDAQ:OSIS) last announced 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 return on equity of 18.17% and a net margin of 8.31%. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, research analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current year.

Wall Street Analyst Weigh In

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