OSI Systems, Inc. (NASDAQ:OSIS) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 31.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,411 shares of the technology company’s stock after buying an additional 1,300 shares during the quarter. Intech Investment Management LLC’s holdings in OSI Systems were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OSIS. Quest Partners LLC grew its holdings in shares of OSI Systems by 6,419.0% in the 3rd quarter. Quest Partners LLC now owns 18,905 shares of the technology company’s stock worth $2,870,000 after acquiring an additional 18,615 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of OSI Systems by 25.8% in the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock valued at $18,707,000 after purchasing an additional 25,262 shares during the period. QRG Capital Management Inc. increased its stake in OSI Systems by 9.8% in the 3rd quarter. QRG Capital Management Inc. now owns 2,739 shares of the technology company’s stock worth $416,000 after purchasing an additional 245 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in OSI Systems by 2.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 52,468 shares of the technology company’s stock worth $7,966,000 after buying an additional 1,484 shares during the period. Finally, Van ECK Associates Corp lifted its stake in OSI Systems by 24.4% during the third quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company’s stock valued at $11,563,000 after buying an additional 15,945 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Performance

Shares of NASDAQ OSIS opened at $174.51 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $174.65. The business’s 50-day moving average price is $148.28 and its two-hundred day moving average price is $143.96. The company has a market capitalization of $2.92 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. The firm’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. Analysts anticipate that OSI Systems, Inc. will post 9.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. 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. Roth Mkm increased their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their price target on OSI Systems from $170.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a research note on Friday, November 22nd. 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 sell rating and five have issued a buy rating to the company. Based on data from MarketBeat, OSI Systems has an average rating of “Moderate Buy” and an average target price of $173.00.

Insider Activity at OSI Systems

In related news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. This trade represents a 46.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at $66,523,062.36. The trade was a 4.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,107 shares of company stock valued at $6,071,809. Insiders own 5.20% of the company’s stock.

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.