MML Investors Services LLC Buys 1,055 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

MML Investors Services LLC grew its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 13.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,658 shares of the technology company’s stock after acquiring an additional 1,055 shares during the period. MML Investors Services LLC owned 0.05% of OSI Systems worth $1,315,000 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. Quest Partners LLC bought a new position in OSI Systems in the 2nd quarter worth about $40,000. Innealta Capital LLC bought a new position in OSI Systems in the 2nd quarter worth about $82,000. International Assets Investment Management LLC boosted its stake in shares of OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of OSI Systems during the second quarter valued at approximately $160,000. Finally, nVerses Capital LLC bought a new position in shares of OSI Systems during the third quarter valued at approximately $182,000. 89.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America began coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a “buy” rating and a $175.00 price objective on the stock. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. B. Riley raised their target price 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. Finally, 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 note on Friday, August 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.00.

Insider Transactions at OSI Systems

In related news, Director Gerald M. Chizever sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the transaction, the director now directly owns 7,701 shares in the company, valued at $1,140,980.16. The trade was a 20.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the transaction, the chief executive officer now owns 404,323 shares of the company’s stock, valued at $75,875,254.18. This represents a 4.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,591 shares of company stock worth $7,557,745. Company insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

Shares of OSIS opened at $175.81 on Thursday. OSI Systems, Inc. has a twelve month low of $120.42 and a twelve month high of $189.13. The company has a 50 day moving average of $158.19 and a two-hundred day moving average of $148.11. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The business had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, analysts predict that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

OSI Systems 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.