World Investment Advisors LLC Takes $16.71 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

World Investment Advisors LLC bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 110,080 shares of the technology company's stock, valued at approximately $16,713,000. World Investment Advisors LLC owned approximately 0.66% of OSI Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of OSI Systems by 79.8% in the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company's stock worth $3,532,000 after buying an additional 11,400 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of OSI Systems by 25.8% in the third 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 last quarter. Citigroup Inc. increased its stake in shares of OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company's stock worth $4,148,000 after purchasing an additional 10,753 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in OSI Systems by 71.2% in the 3rd quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company's stock valued at $4,080,000 after buying an additional 11,173 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in OSI Systems by 24.4% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In related news, insider Manoocher M. Aliabadi sold 1,728 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total transaction of $311,713.92. Following the sale, the insider now directly owns 80,603 shares in the company, valued at approximately $14,539,975.17. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Keith Morben sold 1,107 shares of the business's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. This trade represents a 9.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,835 shares of company stock worth $5,968,293. 5.20% of the stock is currently owned by company insiders.

OSI Systems Trading Up 0.4 %

NASDAQ:OSIS traded up $0.76 during trading hours on Thursday, reaching $187.75. 230,704 shares of the company were exchanged, compared to its average volume of 134,094. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.55 and a beta of 1.18. The stock has a 50 day simple moving average of $154.53 and a 200 day simple moving average of $146.60. OSI Systems, Inc. has a 52-week low of $120.42 and a 52-week high of $189.02. 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 (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.19. The firm had revenue of $344.01 million for 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 revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on OSIS shares. Wells Fargo & Company boosted their price target on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday. Bank of America started coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a "buy" rating and a $175.00 price target on the stock. Roth Mkm boosted their price objective 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. B. Riley raised their target price on shares of OSI Systems from $165.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $179.00.

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.