Envestnet Portfolio Solutions Inc. Invests $307,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Envestnet Portfolio Solutions Inc. acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,836 shares of the technology company's stock, valued at approximately $307,000.

Several other large investors also recently made changes to their positions in OSIS. Richardson Financial Services Inc. raised its holdings in shares of OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after buying an additional 61 shares during the last quarter. Truvestments Capital LLC lifted its position in shares of OSI Systems by 4.9% during the fourth quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock worth $379,000 after purchasing an additional 105 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of OSI Systems by 3.3% during the third quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company's stock valued at $501,000 after purchasing an additional 106 shares during the last quarter. KBC Group NV increased its holdings in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after purchasing an additional 189 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in OSI Systems by 243.8% in the 4th 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 last quarter. Institutional investors own 89.21% of the company's stock.

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OSI Systems Trading Up 0.5 %

NASDAQ:OSIS traded up $1.02 during trading hours on Monday, hitting $194.34. The stock had a trading volume of 221,242 shares, compared to its average volume of 175,636. The business's 50 day moving average is $197.19 and its 200-day moving average is $171.70. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $220.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Sell-side analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company lifted their target price on OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. Oppenheimer boosted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Roth Mkm lifted their target price on shares of OSI Systems from $178.00 to $224.00 and gave the stock a "buy" rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $212.00.

Insiders Place Their Bets

In related news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction on Thursday, January 30th. The shares were 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 approximately $2,008,950.72. This represents a 1.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $979,150. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

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.