OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 24.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,233 shares of the technology company’s stock after buying an additional 1,592 shares during the period. Stifel Financial Corp’s holdings in OSI Systems were worth $1,250,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in OSI Systems by 4,891.4% in the third quarter. FMR LLC now owns 644,396 shares of the technology company’s stock worth $97,839,000 after acquiring an additional 631,486 shares during the last quarter. Victory Capital Management Inc. boosted its position in OSI Systems by 713.1% during the 2nd quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock valued at $13,470,000 after purchasing an additional 85,904 shares during the period. Great Lakes Advisors LLC acquired a new position in OSI Systems during the 2nd quarter valued at approximately $5,208,000. Edgestream Partners L.P. bought a new position in OSI Systems during the 3rd quarter worth $5,061,000. Finally, Envestnet Asset Management Inc. increased its position in OSI Systems by 174.6% in the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock worth $6,927,000 after buying an additional 32,029 shares during the period. Institutional investors own 89.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gerald M. Chizever sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $148.16, for a total value of $296,320.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $180.02, for a total value of $451,670.18. Following the completion of the transaction, the insider now directly owns 78,094 shares in the company, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,591 shares of company stock worth $7,557,745 over the last ninety days. Company insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on OSIS. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Wells Fargo & Company upped their target price on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Bank of America started coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.00.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $175.07 on Monday. The firm’s 50-day simple moving average is $159.31 and its 200 day simple moving average is $148.63. The stock has a market cap of $2.93 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.55 and a beta of 1.18. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a fifty-two week low of $120.42 and a fifty-two week high of $189.13.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. OSI Systems’s revenue was up 23.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Equities analysts expect that OSI Systems, Inc. will post 9.13 EPS for the current 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.