OSI Systems, Inc. (NASDAQ:OSIS) Stock Holdings Lifted by State Street Corp

State Street Corp lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 727,690 shares of the technology company's stock after acquiring an additional 6,514 shares during the period. State Street Corp owned 4.35% of OSI Systems worth $110,485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OSIS. Stifel Financial Corp grew its stake in shares of OSI Systems by 24.0% during the 3rd quarter. Stifel Financial Corp now owns 8,233 shares of the technology company's stock valued at $1,250,000 after buying an additional 1,592 shares during the period. Systematic Financial Management LP raised its position in OSI Systems by 13.4% in the third 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 period. Janus Henderson Group PLC boosted its position in shares of OSI Systems by 2.5% in the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company's stock worth $183,589,000 after buying an additional 29,858 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in OSI Systems by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 45,690 shares of the technology company's stock worth $6,937,000 after acquiring an additional 500 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in OSI Systems in the third quarter valued at approximately $443,000. Institutional investors and hedge funds own 89.21% of the company's stock.

Insider Transactions at OSI Systems

In other news, CFO Alan I. Edrick sold 2,354 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $188.42, for a total value of $443,540.68. Following the sale, the chief financial officer now owns 312,444 shares of the company's stock, valued at approximately $58,870,698.48. The trade was a 0.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Deepak Chopra sold 15,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $153.42, for a total value of $2,301,300.00. Following the completion of the sale, the chief executive officer now owns 424,323 shares of the company's stock, valued at approximately $65,099,634.66. This trade represents a 3.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,591 shares of company stock worth $7,557,745. Company insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded up $3.05 during mid-day trading on Monday, hitting $184.84. The company had a trading volume of 224,202 shares, compared to its average volume of 135,148. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.55 and a beta of 1.18. The firm's 50 day simple moving average is $156.12 and its two-hundred day simple moving average is $147.30. 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 12 month low of $120.42 and a 12 month high of $189.13.

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 (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share. As a group, equities research analysts forecast that OSI Systems, Inc. will post 9.13 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on OSIS. Bank of America initiated coverage on shares of OSI Systems in a research note on Monday, September 30th. They set a "buy" rating and a $175.00 price target on the stock. Wells Fargo & Company raised their price objective on 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 upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Tuesday, December 10th. B. Riley raised their price target 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. Finally, Roth Mkm upped their price target 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $179.00.

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.