OSI Systems, Inc. (NASDAQ:OSIS) Stock Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 14.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,141 shares of the technology company’s stock after purchasing an additional 391 shares during the quarter. Hsbc Holdings PLC’s holdings in OSI Systems were worth $436,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. West Paces Advisors Inc. bought a new stake in OSI Systems in the 1st quarter valued at about $28,000. Quest Partners LLC acquired a new position in OSI Systems during the 2nd quarter valued at about $40,000. Cape Investment Advisory Inc. acquired a new position in OSI Systems during the 1st quarter valued at about $63,000. Covestor Ltd increased its stake in 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 buying an additional 480 shares during the period. Finally, Innealta Capital LLC acquired a new position in OSI Systems during the 2nd quarter valued at about $82,000. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Stock Performance

Shares of OSIS opened at $147.41 on Wednesday. The firm’s 50 day moving average is $144.37 and its 200-day moving average is $140.59. The stock has a market capitalization of $2.51 billion, a P/E ratio of 20.28, a P/E/G ratio of 1.50 and a beta of 1.08. 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, Inc. has a 12-month low of $103.04 and a 12-month high of $158.69.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.05. The company had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a net margin of 8.33% and a return on equity of 17.80%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 EPS. Equities research analysts anticipate that OSI Systems, Inc. will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on OSIS shares. B. Riley raised their target price on shares of OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Roth Mkm raised their target price on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Bank of America started coverage on shares of OSI Systems in a research note on Monday. They set a “buy” rating and a $175.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on shares of OSI Systems in a research note on Wednesday, September 18th. They set an “overweight” rating and a $170.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, OSI Systems currently has a consensus rating of “Moderate Buy” and an average price target of $172.60.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 3,462 shares in the company, valued at $479,175.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the sale, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. The disclosure for this sale can be found here. Insiders sold a total of 24,107 shares of company stock worth $3,474,189 over the last ninety days. 5.60% of the stock is currently owned by company insiders.

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.