Cetera Investment Advisers Acquires 2,485 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Cetera Investment Advisers grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 29.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,896 shares of the technology company’s stock after buying an additional 2,485 shares during the quarter. Cetera Investment Advisers owned approximately 0.06% of OSI Systems worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. lifted its position in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares in the last quarter. MetLife Investment Management LLC lifted its position in OSI Systems by 0.7% during the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after buying an additional 61 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in OSI Systems by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after buying an additional 74 shares in the last quarter. Truvestments Capital LLC lifted its position in OSI Systems by 4.9% during the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock worth $379,000 after buying an additional 105 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in OSI Systems by 2.8% during the 4th quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company’s stock worth $701,000 after buying an additional 112 shares in the last quarter. 89.21% of the stock is owned by institutional investors.

OSI Systems Stock Down 1.0%

Shares of OSIS opened at $229.65 on Tuesday. OSI Systems, Inc. has a 52 week low of $129.18 and a 52 week high of $233.80. The firm has a market cap of $3.86 billion, a P/E ratio of 29.56, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The firm’s 50-day simple moving average is $200.79 and its 200 day simple moving average is $186.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The firm had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same quarter in the prior year, the business posted $2.16 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. On average, analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OSIS shares. Wells Fargo & Company dropped their target price on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Roth Mkm upped their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Oppenheimer upped their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. B. Riley reaffirmed a “buy” rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Finally, StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and an average price target of $228.33.

Insiders Place Their Bets

In related news, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the sale, the director now owns 24,805 shares in the company, valued at approximately $5,451,394.85. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Glenn Grindstaff sold 688 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total transaction of $154,724.32. Following the sale, the insider now owns 8,354 shares in the company, valued at $1,878,731.06. This represents a 7.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,621 shares of company stock worth $9,375,570 in the last quarter. Corporate insiders own 5.20% of the company’s stock.

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.