Van ECK Associates Corp Has $1.22 Million Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Van ECK Associates Corp lifted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 79.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,456 shares of the technology company’s stock after buying an additional 4,190 shares during the period. Van ECK Associates Corp’s holdings in OSI Systems were worth $1,220,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust grew its position in OSI Systems by 27.1% in the third quarter. Parkside Financial Bank & Trust now owns 422 shares of the technology company’s stock valued at $50,000 after acquiring an additional 90 shares during the last quarter. International Assets Investment Management LLC increased its position in OSI Systems by 3,585.7% during the 4th quarter. International Assets Investment Management LLC now owns 516 shares of the technology company’s stock worth $67,000 after purchasing an additional 502 shares in the last quarter. SG Americas Securities LLC bought a new position in OSI Systems in the 3rd quarter valued at approximately $118,000. Lido Advisors LLC acquired a new stake in OSI Systems in the third quarter valued at approximately $216,000. Finally, MQS Management LLC bought a new stake in shares of OSI Systems during the third quarter worth $234,000. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Stock Up 0.9 %

OSI Systems stock opened at $135.52 on Friday. The company has a market capitalization of $2.31 billion, a PE ratio of 18.64, a PEG ratio of 1.52 and a beta of 0.99. OSI Systems, Inc. has a 12-month low of $103.04 and a 12-month high of $144.11. The firm’s fifty day moving average is $136.10 and its 200 day moving average is $128.36. The company has a quick ratio of 0.89, a current ratio of 1.47 and a debt-to-equity ratio of 0.16.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The firm had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. During the same quarter last year, the firm posted $1.49 earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. As a group, sell-side analysts predict that OSI Systems, Inc. will post 8.09 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Roth Mkm increased their target price on OSI Systems from $169.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Oppenheimer lifted their target price on shares of OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, StockNews.com lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th.

Insiders Place Their Bets

In related news, insider Paul Keith Morben sold 310 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total transaction of $41,236.20. Following the completion of the sale, the insider now owns 8,834 shares in the company, valued at $1,175,098.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Paul Keith Morben sold 310 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total value of $41,236.20. Following the sale, the insider now owns 8,834 shares of the company’s stock, valued at $1,175,098.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Francis Ballhaus, Jr. sold 675 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total transaction of $90,436.50. Following the sale, the director now directly owns 25,907 shares in the company, valued at approximately $3,471,019.86. The disclosure for this sale can be found here. Insiders have sold 22,740 shares of company stock valued at $2,992,425 in the last three months. 5.60% of the stock is currently owned by insiders.

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.