Advisors Asset Management Inc. Acquires 1,430 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Advisors Asset Management Inc. increased its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,839 shares of the technology company's stock after acquiring an additional 1,430 shares during the quarter. Advisors Asset Management Inc. owned about 0.11% of OSI Systems worth $3,154,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Richardson Financial Services Inc. raised its position in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after purchasing an additional 195 shares during the period. KBC Group NV increased its holdings in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after purchasing an additional 189 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock valued at $129,000 after buying an additional 207 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of OSI Systems by 80.1% during the 4th quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock worth $144,000 after buying an additional 383 shares in the last quarter. 89.21% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Oppenheimer boosted their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. B. Riley upped their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. initiated coverage on OSI Systems in a report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $212.00.

OSI Systems Stock Down 1.8 %

NASDAQ OSIS traded down $3.62 during trading hours on Wednesday, hitting $200.30. The company's stock had a trading volume of 166,027 shares, compared to its average volume of 171,134. The company has a market capitalization of $3.36 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00. The company's 50-day simple moving average is $194.74 and its two-hundred day simple moving average is $170.09.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares of the company's stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now owns 5,000 shares in the company, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.