OSI Systems, Inc. (NASDAQ:OSIS) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,301 shares of the technology company’s stock after buying an additional 106 shares during the period. Orion Portfolio Solutions LLC’s holdings in OSI Systems were worth $501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC acquired a new position in OSI Systems during the second quarter valued at $40,000. Innealta Capital LLC acquired a new position in OSI Systems during the second quarter valued at $82,000. International Assets Investment Management LLC lifted its position in OSI Systems by 15,075.0% during the third quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock valued at $92,000 after purchasing an additional 603 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in OSI Systems during the second quarter valued at $160,000. Finally, nVerses Capital LLC acquired a new position in OSI Systems during the third quarter valued at $182,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OSI Systems

In related news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $187.66, for a total transaction of $3,753,200.00. Following the completion of the sale, the chief executive officer now owns 404,323 shares of the company’s stock, valued at approximately $75,875,254.18. This represents a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the sale, the insider now directly owns 78,094 shares of the company’s stock, valued at approximately $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,591 shares of company stock valued at $7,557,745 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on OSIS shares. B. Riley boosted their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Roth Mkm lifted their price objective 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. Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $179.00.

OSI Systems Stock Down 0.6 %

OSIS stock opened at $183.68 on Wednesday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 23.98, a P/E/G ratio of 1.55 and a beta of 1.18. The firm has a 50-day simple moving average of $157.64 and a 200-day simple moving average of $147.91. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a 52 week low of $120.42 and a 52 week high of $189.13.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.19. The business had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. Equities analysts forecast that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

About OSI Systems

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.