OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 176,718 shares of the technology company's stock after purchasing an additional 18,388 shares during the period. Invesco Ltd. owned approximately 1.05% of OSI Systems worth $29,588,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in OSIS. HighTower Advisors LLC acquired a new position in OSI Systems during the third quarter worth $443,000. Stifel Financial Corp lifted its stake in OSI Systems by 24.0% during the 3rd quarter. Stifel Financial Corp now owns 8,233 shares of the technology company's stock worth $1,250,000 after acquiring an additional 1,592 shares in the last quarter. Jane Street Group LLC boosted its holdings in OSI Systems by 12.9% during the 3rd quarter. Jane Street Group LLC now owns 19,574 shares of the technology company's stock valued at $2,972,000 after acquiring an additional 2,242 shares during the period. MML Investors Services LLC grew its position in OSI Systems by 13.9% in the 3rd quarter. MML Investors Services LLC now owns 8,658 shares of the technology company's stock valued at $1,315,000 after acquiring an additional 1,055 shares in the last quarter. Finally, Barclays PLC grew its position in OSI Systems by 252.3% in the 3rd quarter. Barclays PLC now owns 35,519 shares of the technology company's stock valued at $5,392,000 after acquiring an additional 25,437 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 155 shares of the business'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 sale, the insider now owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald M. Chizever sold 2,701 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

OSI Systems Stock Up 5.4 %

OSI Systems stock traded up $10.27 during midday trading on Wednesday, reaching $199.69. The company's stock had a trading volume of 41,175 shares, compared to its average volume of 246,585. The company has a market cap of $3.35 billion, a P/E ratio of 25.70, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $193.44 and a 200-day simple moving average of $176.50. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week high of $220.00.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share 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%. On average, research analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com lowered shares of OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. B. Riley raised their price target on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research report on Friday, February 21st. They set a "neutral" rating and a $225.00 price objective on the stock. Oppenheimer lifted their target price on OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Roth Mkm upped their price target on 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 assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $213.33.

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.