Raymond James Financial Inc. Takes $1.84 Million Position in OSI Systems, Inc. (NASDAQ:OSIS)

Raymond James Financial Inc. bought a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,990 shares of the technology company's stock, valued at approximately $1,840,000. Raymond James Financial Inc. owned about 0.07% of OSI Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of OSI Systems by 4,891.4% during the 3rd quarter. FMR LLC now owns 644,396 shares of the technology company's stock worth $97,839,000 after buying an additional 631,486 shares in the last quarter. World Investment Advisors LLC acquired a new position in OSI Systems during the third quarter worth about $16,713,000. Swedbank AB bought a new position in shares of OSI Systems in the fourth quarter worth about $8,372,000. Systematic Financial Management LP boosted its stake in shares of OSI Systems by 13.4% in 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 in the last quarter. Finally, Janus Henderson Group PLC grew its holdings 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. 89.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OSIS. Oppenheimer increased 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. B. Riley raised their price objective on OSI Systems from $180.00 to $221.00 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. started coverage on OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price for the company. Finally, Roth Mkm boosted 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 investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, OSI Systems presently has a consensus rating of "Moderate Buy" and an average price target of $212.00.

Remove Ads

OSI Systems Trading Down 3.2 %

Shares of NASDAQ:OSIS traded down $5.85 during midday trading on Friday, reaching $174.46. The company's stock had a trading volume of 358,210 shares, compared to its average volume of 178,425. OSI Systems, Inc. has a fifty-two week low of $126.57 and a fifty-two week 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. The firm has a 50 day moving average price of $197.46 and a two-hundred day moving average price of $172.68. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.81 and a beta of 1.20.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Activity at OSI Systems

In other news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was 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 of the company's stock, valued at $979,150. This represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Keith Morben sold 155 shares of OSI Systems stock in a transaction that occurred 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 transaction, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

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.