Legato Capital Management LLC Raises Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Legato Capital Management LLC grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,616 shares of the technology company’s stock after acquiring an additional 435 shares during the quarter. Legato Capital Management LLC owned about 0.09% of OSI Systems worth $2,447,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. boosted its holdings in OSI Systems by 65.6% in the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of 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 acquiring an additional 603 shares during the period. KBC Group NV increased its position in OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock valued at $117,000 after acquiring an additional 189 shares during the last quarter. nVerses Capital LLC purchased a new stake in OSI Systems during the third quarter valued at $182,000. Finally, Longboard Asset Management LP purchased a new position in OSI Systems in the fourth quarter worth about $202,000. 89.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OSIS has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, December 10th. Roth Mkm boosted their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. B. Riley raised their target price on OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Oppenheimer lifted their target price on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.40.

Insider Activity at OSI Systems

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the completion of the transaction, the chief executive officer now owns 404,323 shares in the company, valued at $75,875,254.18. This trade represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the completion of the sale, the insider now owns 80,603 shares in the company, valued at $14,539,975.17. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is owned by company insiders.

OSI Systems Stock Up 0.8 %

Shares of OSIS stock opened at $208.15 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a one year low of $126.57 and a one year high of $212.00. The company’s fifty day moving average price is $179.10 and its 200-day moving average price is $158.27. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.74 and a beta of 1.19.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. Sell-side analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

OSI Systems 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.