Systematic Financial Management LP Boosts Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Systematic Financial Management LP raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 13.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 264,342 shares of the technology company's stock after buying an additional 31,269 shares during the quarter. OSI Systems comprises 1.0% of Systematic Financial Management LP's investment portfolio, making the stock its 18th largest position. Systematic Financial Management LP owned approximately 1.58% of OSI Systems worth $40,135,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in OSIS. Quest Partners LLC bought a new stake in OSI Systems in the second quarter valued at $40,000. Innealta Capital LLC purchased a new position in shares of OSI Systems during the second quarter valued at about $82,000. International Assets Investment Management LLC raised its stake in OSI Systems by 15,075.0% in the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock worth $92,000 after buying an additional 603 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in OSI Systems during the 2nd quarter valued at approximately $160,000. Finally, nVerses Capital LLC purchased a new position in shares of OSI Systems during the 3rd quarter worth approximately $182,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Deepak Chopra sold 15,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $153.42, for a total transaction of $2,301,300.00. Following the transaction, the chief executive officer now owns 424,323 shares in the company, valued at $65,099,634.66. This represents a 3.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerald M. Chizever sold 2,000 shares of OSI Systems stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $148.16, for a total transaction of $296,320.00. Following the completion of the sale, the director now directly owns 7,701 shares of the company's stock, valued at approximately $1,140,980.16. This trade represents a 20.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,107 shares of company stock valued at $6,071,809. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Up 0.1 %

OSIS stock traded up $0.26 during trading on Thursday, hitting $180.82. 118,895 shares of the stock traded hands, compared to its average volume of 132,380. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. OSI Systems, Inc. has a 1 year low of $120.42 and a 1 year high of $183.22. The firm's 50 day moving average is $150.97 and its two-hundred day moving average is $145.15.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.19. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. During the same quarter last year, the firm earned $0.91 earnings per share. The firm's quarterly revenue was up 23.2% compared to the same quarter last year. On average, sell-side analysts anticipate that OSI Systems, Inc. will post 9.12 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.