Envestnet Asset Management Inc. Raises Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Envestnet Asset Management Inc. raised its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 174.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,373 shares of the technology company’s stock after buying an additional 32,029 shares during the quarter. Envestnet Asset Management Inc. owned about 0.30% of OSI Systems worth $6,927,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of OSI Systems by 2.2% in the second quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock valued at $623,000 after acquiring an additional 97 shares during the period. Louisiana State Employees Retirement System boosted its holdings in OSI Systems by 1.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. boosted its holdings in OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock valued at $503,000 after purchasing an additional 178 shares during the period. Bridge City Capital LLC grew its position in shares of OSI Systems by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after purchasing an additional 194 shares in the last quarter. Finally, West Paces Advisors Inc. bought a new position in shares of OSI Systems in the first quarter worth $28,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

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

OSI Systems Stock Up 0.4 %

OSIS opened at $145.39 on Friday. The business’s fifty day simple moving average is $144.30 and its 200 day simple moving average is $140.30. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $158.69. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.41 billion, a PE ratio of 20.00, a P/E/G ratio of 1.50 and a beta of 1.08.

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

Analyst Ratings Changes

OSIS has been the subject of several recent analyst reports. B. Riley boosted their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company started coverage on OSI Systems in a research report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price target for the company. Finally, Roth Mkm upped their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $172.00.

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.