Van ECK Associates Corp Purchases 27,363 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Van ECK Associates Corp increased its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 33.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,709 shares of the technology company’s stock after buying an additional 27,363 shares during the quarter. Van ECK Associates Corp owned 0.65% of OSI Systems worth $18,201,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its holdings in OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. International Assets Investment Management LLC grew its stake in shares of OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after acquiring an additional 603 shares during the period. KBC Group NV increased its holdings in OSI Systems by 37.1% in the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after acquiring an additional 189 shares in the last quarter. nVerses Capital LLC bought a new stake in OSI Systems during the 3rd quarter worth approximately $182,000. Finally, Longboard Asset Management LP purchased a new position in OSI Systems during the fourth quarter valued at approximately $202,000. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Stock Up 0.4 %

Shares of OSIS opened at $211.67 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.19. OSI Systems, Inc. has a 1 year low of $126.57 and a 1 year high of $212.00. The business’s 50 day simple moving average is $181.45 and its 200-day simple moving average is $159.91.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. As a group, equities analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OSIS has been the topic of several recent analyst reports. B. Riley raised their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Oppenheimer boosted their price target on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Roth Mkm lifted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and an average price target of $209.40.

Insider Buying and Selling

In other news, insider Manoocher M. Aliabadi sold 2,509 shares of the 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 sale, the insider now owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Keith Morben sold 155 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at $2,008,950.72. This trade represents a 1.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,447 shares of company stock worth $5,519,962. Corporate insiders own 5.20% of the company’s stock.

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.