OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 235.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,331 shares of the technology company’s stock after acquiring an additional 934 shares during the period. EverSource Wealth Advisors LLC’s holdings in OSI Systems were worth $197,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. West Paces Advisors Inc. purchased a new stake in shares of OSI Systems in the first quarter valued at approximately $28,000. Quest Partners LLC acquired a new stake in shares of OSI Systems in the 2nd quarter worth $40,000. Cape Investment Advisory Inc. purchased a new position in shares of OSI Systems during the 1st quarter worth $63,000. Covestor Ltd boosted its position in shares of OSI Systems by 48,000.0% during the 1st quarter. Covestor Ltd now owns 481 shares of the technology company’s stock valued at $69,000 after acquiring an additional 480 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of OSI Systems in the second quarter valued at about $82,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Price Performance

Shares of OSIS opened at $144.91 on Thursday. The firm has a 50-day simple moving average of $144.34 and a two-hundred day simple moving average of $140.16. The stock has a market cap of $2.47 billion, a PE ratio of 19.93, a P/E/G ratio of 1.49 and a beta of 1.08. OSI Systems, Inc. has a 1-year low of $103.04 and a 1-year high of $158.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The company had revenue of $480.91 million for the quarter, compared to analyst estimates of $467.24 million. During the same quarter in the previous year, the company earned $2.66 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, analysts forecast that OSI Systems, Inc. will post 8.93 EPS for the current year.

Insider Buying and Selling

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the sale, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the transaction, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the sale, the director now owns 3,462 shares in the company, valued at $479,175.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,107 shares of company stock valued at $3,474,189. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

OSIS has been the topic of a number of analyst reports. B. Riley lifted 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. Roth Mkm lifted their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company initiated coverage on OSI Systems in a research report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $172.00.

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.