3,757 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,757 shares of the technology company's stock, valued at approximately $629,000.

A number of other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in shares of OSI Systems by 4.3% during the second quarter. The Manufacturers Life Insurance Company now owns 9,164 shares of the technology company's stock valued at $1,260,000 after purchasing an additional 376 shares in the last quarter. Truist Financial Corp bought a new stake in OSI Systems in the second quarter worth about $601,000. Handelsbanken Fonder AB raised its position in OSI Systems by 68.2% in the third quarter. Handelsbanken Fonder AB now owns 6,165 shares of the technology company's stock worth $936,000 after acquiring an additional 2,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in OSI Systems by 24.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,600 shares of the technology company's stock worth $1,457,000 after acquiring an additional 1,900 shares during the period. Finally, Inspire Investing LLC raised its position in OSI Systems by 7.9% in the third quarter. Inspire Investing LLC now owns 2,741 shares of the technology company's stock worth $416,000 after acquiring an additional 200 shares during the period. 89.21% of the stock is owned by institutional investors.

OSI Systems Price Performance

OSI Systems stock traded up $0.76 during mid-day trading on Wednesday, hitting $208.91. 177,923 shares of the company traded hands, compared to its average volume of 222,233. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $212.00. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.19. 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 stock has a fifty day moving average price of $179.67 and a 200-day moving average price of $158.68.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data 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%. On average, equities analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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 research note on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of 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 raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th. Oppenheimer boosted their price objective on shares of OSI Systems from $205.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, B. Riley boosted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, OSI Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.40.

Insider Activity at OSI Systems

In other news, insider Paul Keith Morben sold 155 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company's stock, valued at $2,008,950.72. This represents a 1.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $195.83, for a total transaction of $528,936.83. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 29,447 shares of company stock worth $5,519,962 in the last three months. 5.20% of the stock is owned by insiders.

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.