Rhumbline Advisers Increases Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Rhumbline Advisers raised its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,234 shares of the technology company’s stock after purchasing an additional 912 shares during the period. Rhumbline Advisers owned 0.27% of OSI Systems worth $8,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OSIS. Aster Capital Management DIFC Ltd purchased a new stake in shares of OSI Systems in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after purchasing an additional 195 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company’s stock valued at $108,000 after purchasing an additional 483 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock valued at $129,000 after buying an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock valued at $144,000 after buying an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Activity

In other news, insider Glenn Grindstaff sold 688 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the transaction, the insider now directly owns 8,354 shares in the company, valued at approximately $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 24,805 shares of the company’s stock, valued at $5,451,394.85. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,371 shares of company stock worth $9,547,230. 5.20% of the stock is currently owned by company insiders.

OSI Systems Price Performance

OSI Systems stock opened at $231.60 on Wednesday. OSI Systems, Inc. has a 52-week low of $129.18 and a 52-week high of $234.59. The firm has a fifty day moving average of $210.60 and a 200-day moving average of $194.66. The firm has a market capitalization of $3.89 billion, a P/E ratio of 29.81, a PEG ratio of 1.81 and a beta of 1.28. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Oppenheimer boosted their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Wall Street Zen raised shares of OSI Systems from a “sell” rating to a “hold” rating in a research report on Friday, May 16th. B. Riley reissued a “buy” rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and an average price target of $228.33.

OSI Systems 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.