OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 106.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,951 shares of the technology company’s stock after acquiring an additional 1,522 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in OSI Systems were worth $406,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in OSIS. Norges Bank bought a new stake in OSI Systems during the 4th quarter valued at $14,921,000. Vanguard Group Inc. grew its stake in OSI Systems by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of OSI Systems by 713.1% in the second 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. SG Capital Management LLC lifted its position in shares of OSI Systems by 2,952.6% in the fourth quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock worth $9,797,000 after buying an additional 73,432 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of OSI Systems in the second quarter worth about $5,208,000. Institutional investors and hedge funds own 89.21% of the company’s stock.

OSI Systems Price Performance

NASDAQ:OSIS opened at $145.39 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. The stock’s 50-day simple moving average is $144.30 and its 200 day simple moving average is $140.30. The company has a market cap of $2.41 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.50 and a beta of 1.08. OSI Systems, Inc. has a 52-week low of $103.04 and a 52-week high of $158.69.

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

Insiders Place Their Bets

In related news, CEO Deepak Chopra sold 20,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total value of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares in the company, valued at $66,523,062.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, the director now owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the transaction, the chief executive officer now directly owns 459,033 shares in the company, valued at approximately $66,523,062.36. 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 Analysts Forecast Growth

OSIS has been the subject of several recent analyst reports. Roth Mkm increased their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company initiated coverage on OSI Systems in a report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price target for the company. Finally, B. Riley lifted their target price on 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 four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $172.00.

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.