OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its position in OSI Systems, Inc. (NASDAQ:OSIS) by 3.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,301 shares of the technology company’s stock after acquiring an additional 106 shares during the period. Orion Portfolio Solutions LLC’s holdings in OSI Systems were worth $501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in OSI Systems in the 2nd quarter valued at about $40,000. Innealta Capital LLC acquired a new position in shares of OSI Systems in the 2nd quarter worth approximately $82,000. International Assets Investment Management LLC lifted its holdings in shares of OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after acquiring an additional 603 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of OSI Systems in the 2nd quarter worth approximately $160,000. Finally, nVerses Capital LLC acquired a new position in shares of OSI Systems in the 3rd quarter worth approximately $182,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OSIS has been the topic of several recent analyst reports. Roth Mkm upped their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley upped their price objective on shares of OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Bank of America initiated coverage on shares of OSI Systems in a report on Monday, September 30th. They issued a “buy” rating and a $175.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Insider Buying and Selling at OSI Systems

In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $187.66, for a total value of $3,753,200.00. Following the completion of the sale, the chief executive officer now owns 404,323 shares in the company, valued at approximately $75,875,254.18. This trade represents a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Manoocher M. Aliabadi sold 1,728 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.39, for a total transaction of $311,713.92. Following the completion of the sale, the insider now owns 80,603 shares of the company’s stock, valued at $14,539,975.17. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,591 shares of company stock valued at $7,557,745. Insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

OSI Systems stock opened at $183.68 on Wednesday. The firm has a market cap of $3.07 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.55 and a beta of 1.18. OSI Systems, Inc. has a 52-week low of $120.42 and a 52-week high of $189.13. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $157.64 and its two-hundred day moving average is $147.91.

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

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.