Sei Investments Co. Purchases 5,168 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Sei Investments Co. boosted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 69.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,579 shares of the technology company’s stock after acquiring an additional 5,168 shares during the quarter. Sei Investments Co.’s holdings in OSI Systems were worth $1,730,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OSIS. West Paces Advisors Inc. bought a new position in OSI Systems in the first quarter valued at approximately $28,000. Quest Partners LLC bought a new position in OSI Systems in the second quarter valued at approximately $40,000. Cape Investment Advisory Inc. bought a new position in OSI Systems in the first quarter valued at approximately $63,000. Covestor Ltd increased its stake in OSI Systems by 48,000.0% in the first quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after acquiring an additional 480 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in OSI Systems in the second quarter valued at approximately $82,000. 89.21% of the stock is owned by institutional investors.

OSI Systems Price Performance

Shares of NASDAQ:OSIS opened at $145.48 on Friday. The firm has a market cap of $2.48 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. The firm’s fifty day moving average is $144.18 and its 200-day moving average is $140.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $158.69.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. The company had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. OSI Systems’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.66 earnings per share. Sell-side analysts predict that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. 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. Roth Mkm raised their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company started coverage on shares of OSI Systems in a research report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 target price on the stock. Finally, Bank of America started coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, OSI Systems has an average rating of “Moderate Buy” and an average price target of $172.60.

Insider Activity at OSI Systems

In related news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction 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 transaction, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value 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 approximately $479,175.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,107 shares of company stock worth $3,474,189 over the last quarter. Company insiders own 5.60% of the company’s stock.

About OSI Systems

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.