OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 24.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,346 shares of the technology company's stock after purchasing an additional 15,945 shares during the period. Van ECK Associates Corp owned 0.49% of OSI Systems worth $11,563,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its holdings in OSI Systems by 4.8% during the 3rd quarter. US Bancorp DE now owns 2,418 shares of the technology company's stock valued at $367,000 after buying an additional 111 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of OSI Systems by 71.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 26,872 shares of the technology company's stock valued at $4,080,000 after acquiring an additional 11,173 shares during the last quarter. Moody Aldrich Partners LLC boosted its holdings in shares of OSI Systems by 10.1% during the 3rd quarter. Moody Aldrich Partners LLC now owns 33,274 shares of the technology company's stock valued at $5,052,000 after acquiring an additional 3,053 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of OSI Systems by 15,075.0% during the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company's stock valued at $92,000 after acquiring an additional 603 shares during the last quarter. Finally, Stanley Laman Group Ltd. boosted its holdings in shares of OSI Systems by 22.8% during the 3rd quarter. Stanley Laman Group Ltd. now owns 25,774 shares of the technology company's stock valued at $3,913,000 after acquiring an additional 4,783 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

OSI Systems Trading Up 8.6 %

NASDAQ OSIS traded up $11.74 on Wednesday, hitting $148.19. 268,559 shares of the stock were exchanged, compared to its average volume of 121,881. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84. The stock has a fifty day moving average price of $143.34 and a two-hundred day moving average price of $141.36. The firm has a market capitalization of $2.48 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.23 and a beta of 1.10. OSI Systems, Inc. has a 52-week low of $108.15 and a 52-week high of $158.69.

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

Insiders Place Their Bets

In other news, Director Gerald M. Chizever sold 3,000 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the sale, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul Keith Morben sold 1,107 shares of the company's stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the transaction, the insider now directly owns 10,077 shares of the company's stock, valued at approximately $1,461,568.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,107 shares of company stock worth $3,474,189. 5.20% of the stock is owned by corporate 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.