HighTower Advisors LLC Buys 1,425 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

HighTower Advisors LLC boosted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,372 shares of the technology company's stock after acquiring an additional 1,425 shares during the quarter. HighTower Advisors LLC's holdings in OSI Systems were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of OSI Systems by 2.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company's stock valued at $183,589,000 after purchasing an additional 29,858 shares during the last quarter. State Street Corp grew its position in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company's stock valued at $110,485,000 after acquiring an additional 6,514 shares during the last quarter. FMR LLC raised its stake in shares of OSI Systems by 4,891.4% during the third quarter. FMR LLC now owns 644,396 shares of the technology company's stock worth $97,839,000 after acquiring an additional 631,486 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of OSI Systems by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 380,092 shares of the technology company's stock worth $57,720,000 after acquiring an additional 5,718 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of OSI Systems by 13.4% during the 3rd quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company's stock valued at $40,135,000 after purchasing an additional 31,269 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

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Insider Buying and Selling at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the firm's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the transaction, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This trade represents a 1.51 % 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.

Wall Street Analyst Weigh In

Several research firms have issued reports on OSIS. Roth Mkm upped their price target on shares of OSI Systems from $178.00 to $224.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Oppenheimer raised their target price on shares of OSI Systems from $205.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Wells Fargo & Company upped their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. B. Riley raised their price target on shares of OSI Systems from $180.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $212.00.

OSI Systems Stock Up 0.5 %

Shares of NASDAQ OSIS traded up $1.02 during mid-day trading on Monday, hitting $194.34. 221,241 shares of the stock traded hands, compared to its average volume of 175,636. The stock has a fifty day moving average price of $196.64 and a 200-day moving average price of $171.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.81 and a beta of 1.20. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00.

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

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.