Envestnet Asset Management Inc. Grows Holdings in OSI Systems, Inc. $OSIS

Envestnet Asset Management Inc. raised its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,574 shares of the technology company’s stock after purchasing an additional 5,240 shares during the quarter. Envestnet Asset Management Inc. owned 0.56% of OSI Systems worth $23,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Richardson Financial Services Inc. lifted its holdings in OSI Systems by 58.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock valued at $36,000 after buying an additional 53 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of OSI Systems by 28.6% during the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock worth $64,000 after acquiring an additional 57 shares during the period. Bessemer Group Inc. increased its position in shares of OSI Systems by 78.7% during the second quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock worth $30,000 after acquiring an additional 59 shares during the period. Arizona State Retirement System raised its stake in shares of OSI Systems by 1.5% during the third quarter. Arizona State Retirement System now owns 4,711 shares of the technology company’s stock valued at $1,174,000 after acquiring an additional 71 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of OSI Systems by 1.3% in the second quarter. Yousif Capital Management LLC now owns 5,827 shares of the technology company’s stock valued at $1,310,000 after purchasing an additional 77 shares during the period. 89.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OSIS has been the topic of several research reports. UBS Group set a $292.00 price objective on OSI Systems in a report on Monday, December 1st. Roth Mkm raised their price target on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. lifted their price objective on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Bank of America upped their price objective on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $282.00.

OSI Systems Stock Up 1.4%

OSI Systems stock opened at $268.61 on Friday. OSI Systems, Inc. has a 1-year low of $153.40 and a 1-year high of $294.93. The business has a fifty day moving average price of $269.96 and a 200-day moving average price of $254.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 2.16 and a beta of 1.35.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. The company had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. OSI Systems had a return on equity of 18.58% and a net margin of 8.52%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $2.42 earnings per share. Equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Insider Activity at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the sale, the director directly owned 273,044 shares in the company, valued at $68,509,470.04. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is owned by insiders.

OSI Systems Company Profile

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.