State Street Corp Increases Position in OSI Systems, Inc. (NASDAQ:OSIS)

State Street Corp lifted its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 727,690 shares of the technology company’s stock after buying an additional 6,514 shares during the period. State Street Corp owned approximately 4.35% of OSI Systems worth $110,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp raised its stake in OSI Systems by 24.0% during the 3rd quarter. Stifel Financial Corp now owns 8,233 shares of the technology company’s stock valued at $1,250,000 after acquiring an additional 1,592 shares during the last quarter. Systematic Financial Management LP increased its holdings in shares of OSI Systems by 13.4% in the third quarter. Systematic Financial Management LP now owns 264,342 shares of the technology company’s stock valued at $40,135,000 after purchasing an additional 31,269 shares during the period. Janus Henderson Group PLC increased its holdings in shares of OSI Systems by 2.5% in the third quarter. Janus Henderson Group PLC now owns 1,209,168 shares of the technology company’s stock valued at $183,589,000 after purchasing an additional 29,858 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of OSI Systems by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 45,690 shares of the technology company’s stock worth $6,937,000 after purchasing an additional 500 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of OSI Systems during the third quarter worth $443,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insiders Place Their Bets

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of OSI Systems stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the transaction, the insider now owns 78,094 shares in the company, valued at approximately $14,058,481.88. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Alan I. Edrick sold 2,354 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $188.42, for a total transaction of $443,540.68. Following the completion of the sale, the chief financial officer now owns 312,444 shares in the company, valued at $58,870,698.48. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,591 shares of company stock worth $7,557,745. 5.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

OSIS has been the topic of several recent research reports. Roth Mkm boosted their price objective 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. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Bank of America began coverage on OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. Finally, B. Riley increased their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.00.

OSI Systems Stock Down 3.2 %

OSIS stock opened at $181.79 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $156.12 and its 200 day moving average price is $147.21. OSI Systems, Inc. has a 52 week low of $120.42 and a 52 week high of $189.13. The company has a market cap of $3.04 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.59 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. On average, research analysts expect that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

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.