BNP Paribas Financial Markets Purchases 5,468 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

BNP Paribas Financial Markets raised its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 44.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,710 shares of the technology company's stock after acquiring an additional 5,468 shares during the period. BNP Paribas Financial Markets owned approximately 0.11% of OSI Systems worth $2,689,000 as of its most recent SEC filing.

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

OSI Systems Trading Up 0.7 %

OSIS traded up $1.32 during trading hours on Friday, reaching $181.34. 152,585 shares of the company's stock traded hands, compared to its average volume of 239,669. 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 firm has a 50-day moving average price of $152.39 and a 200 day moving average price of $145.67. OSI Systems, Inc. has a 52-week low of $120.42 and a 52-week high of $183.22. The firm has a market capitalization of $3.03 billion, a PE ratio of 23.67, a PEG ratio of 1.56 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted 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. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The firm had revenue of $344.01 million for the quarter, compared to analysts' expectations of $318.66 million. During the same period in the prior year, the business posted $0.91 earnings per share. The business's revenue for the quarter was up 23.2% on a year-over-year basis. As a group, sell-side analysts predict that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Analysts Set New Price Targets

OSIS has been the subject of several recent research reports. Roth Mkm lifted their price target on OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Wells Fargo & Company lifted their target price on OSI Systems from $170.00 to $172.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. B. Riley increased their price target on OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. StockNews.com raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Saturday, November 30th. Finally, Bank of America assumed coverage on shares of OSI Systems in a research note on Monday, September 30th. They issued a "buy" rating and a $175.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, OSI Systems currently has a consensus rating of "Moderate Buy" and an average target price of $173.00.

Insider Activity

In other news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $145.04, for a total transaction of $160,559.28. Following the transaction, the insider now owns 10,077 shares of the company's stock, valued at approximately $1,461,568.08. This represents a 9.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the sale, the insider now owns 80,603 shares of the company's stock, valued at $14,539,975.17. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,835 shares of company stock valued at $6,383,523. 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.