OSI Systems, Inc. (NASDAQ:OSIS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 25.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,213 shares of the technology company's stock after buying an additional 25,262 shares during the quarter. Victory Capital Management Inc. owned about 0.74% of OSI Systems worth $18,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OSIS. Janus Henderson Group PLC lifted its stake in shares of OSI Systems by 1.6% in the 1st quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company's stock valued at $178,508,000 after purchasing an additional 19,683 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of OSI Systems by 10.6% in the 2nd quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company's stock valued at $43,565,000 after acquiring an additional 30,464 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of OSI Systems by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company's stock valued at $17,540,000 after acquiring an additional 1,747 shares in the last quarter. Van ECK Associates Corp boosted its position in OSI Systems by 24.4% during the 3rd quarter. Van ECK Associates Corp now owns 81,346 shares of the technology company's stock worth $11,563,000 after purchasing an additional 15,945 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in OSI Systems by 2.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 52,468 shares of the technology company's stock valued at $7,966,000 after purchasing an additional 1,484 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analyst Weigh In

OSIS has been the subject of several analyst reports. Bank of America began coverage on OSI Systems in a research report on Monday, September 30th. They issued a "buy" rating and a $175.00 target price for the company. B. Riley upped their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Roth Mkm boosted their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company raised their target price on OSI Systems from $170.00 to $172.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, OSI Systems currently has an average rating of "Moderate Buy" and a consensus price target of $173.00.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded up $1.57 during trading on Tuesday, reaching $153.79. The stock had a trading volume of 208,442 shares, compared to its average volume of 125,213. 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 market cap of $2.57 billion, a PE ratio of 19.87, a P/E/G ratio of 1.30 and a beta of 1.10. OSI Systems, Inc. has a one year low of $117.07 and a one year high of $158.69. The firm's 50 day moving average price is $144.58 and its two-hundred day moving average price is $142.30.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $318.66 million. During the same period in the prior year, the company earned $0.91 earnings per share. The firm's revenue was up 23.2% compared to the same quarter last year. On average, research analysts forecast that OSI Systems, Inc. will post 9.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Deepak Chopra sold 15,000 shares of OSI Systems stock in a transaction dated 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 sale, the chief executive officer now directly owns 424,323 shares in the company, valued at $65,099,634.66. This trade represents a 3.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the business's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total transaction of $415,230.00. Following the transaction, the director now directly owns 3,462 shares of the company's stock, valued at $479,175.42. The trade was a 46.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,107 shares of company stock valued at $6,071,809. 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.