HighTower Advisors LLC Grows Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

HighTower Advisors LLC raised its position in OSI Systems, Inc. (NASDAQ:OSIS) by 48.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,372 shares of the technology company’s stock after buying an additional 1,425 shares during the period. HighTower Advisors LLC’s holdings in OSI Systems were worth $732,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its position in OSI Systems by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,363 shares of the technology company’s stock worth $730,000 after buying an additional 201 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in OSI Systems during the fourth quarter valued at about $232,000. Inceptionr LLC acquired a new stake in shares of OSI Systems in the fourth quarter worth $943,000. Raymond James Financial Inc. purchased a new position in OSI Systems during the fourth quarter valued at approximately $1,840,000. Finally, Proficio Capital Partners LLC acquired a new position in OSI Systems in the 4th quarter worth about $4,934,000. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Stock Performance

OSIS opened at $193.32 on Friday. The business’s 50-day simple moving average is $196.64 and its 200 day simple moving average is $170.88. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The firm has a market capitalization of $3.25 billion, a PE ratio of 24.88, a PEG ratio of 1.81 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, sell-side analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Roth Mkm boosted their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a “neutral” rating and a $225.00 price target on the stock. StockNews.com lowered OSI Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Oppenheimer boosted their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, OSI Systems presently has an average rating of “Moderate Buy” and an average target price of $212.00.

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.