33,331 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 33,331 shares of the technology company's stock, valued at approximately $5,061,000. Edgestream Partners L.P. owned approximately 0.20% of OSI Systems at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of OSIS. FMR LLC raised its holdings in shares of OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock valued at $97,839,000 after buying an additional 631,486 shares during the period. Victory Capital Management Inc. boosted its stake in shares of OSI Systems by 713.1% in the second 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 purchased a new position in shares of OSI Systems in the second quarter valued at $5,208,000. Envestnet Asset Management Inc. boosted its stake in shares of OSI Systems by 174.6% in the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company's stock valued at $6,927,000 after purchasing an additional 32,029 shares during the period. Finally, Hood River Capital Management LLC grew its holdings in OSI Systems by 10.6% during the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company's stock valued at $43,565,000 after purchasing an additional 30,464 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Insider Buying and Selling

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares of the company's stock, valued at $479,175.42. The trade was a 46.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Deepak Chopra sold 20,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares of the company's stock, valued at approximately $66,523,062.36. This trade represents a 4.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,107 shares of company stock worth $6,071,809 over the last quarter. 5.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OSIS shares. B. Riley upped their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Roth Mkm raised their price objective on OSI Systems from $172.00 to $178.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They issued a "buy" rating and a $175.00 target price on the stock. StockNews.com raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company increased their price objective on shares of OSI Systems from $170.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, OSI Systems has an average rating of "Moderate Buy" and a consensus price target of $173.00.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded up $2.89 during trading on Friday, reaching $177.40. The stock had a trading volume of 186,193 shares, compared to its average volume of 201,293. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock has a market cap of $2.96 billion, a PE ratio of 23.16, a P/E/G ratio of 1.53 and a beta of 1.10. OSI Systems, Inc. has a one year low of $120.42 and a one year high of $177.56. The firm's 50 day moving average price is $148.92 and its two-hundred day moving average price is $144.31.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter in the previous year, the company posted $0.91 earnings per share. The firm's revenue was up 23.2% on a year-over-year basis. On average, research analysts forecast that OSI Systems, Inc. will post 9.12 earnings per share for the current fiscal year.

About OSI Systems

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.