Louisiana State Employees Retirement System Makes New $1.01 Million Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Louisiana State Employees Retirement System purchased a new position in OSI Systems, Inc. (NASDAQ:OSIS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,800 shares of the technology company’s stock, valued at approximately $1,007,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of OSI Systems by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,990,492 shares of the technology company’s stock worth $234,958,000 after acquiring an additional 49,634 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in OSI Systems by 25.7% during the third quarter. Qube Research & Technologies Ltd now owns 45,903 shares of the technology company’s stock valued at $5,418,000 after purchasing an additional 9,379 shares during the last quarter. Oliver Luxxe Assets LLC bought a new position in OSI Systems during the third quarter valued at $813,000. Invesco Ltd. lifted its position in OSI Systems by 2.5% during the third quarter. Invesco Ltd. now owns 183,015 shares of the technology company’s stock valued at $21,603,000 after purchasing an additional 4,441 shares during the last quarter. Finally, Algert Global LLC bought a new position in OSI Systems during the third quarter valued at $1,424,000. Institutional investors own 89.21% of the company’s stock.

OSI Systems Trading Down 0.8 %

Shares of OSIS opened at $139.71 on Thursday. The company has a market cap of $2.38 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.58 and a beta of 0.98. OSI Systems, Inc. has a twelve month low of $99.70 and a twelve month high of $144.11. The company’s fifty day simple moving average is $135.73 and its 200-day simple moving average is $127.26. The company has a current ratio of 1.43, a quick ratio of 0.80 and a debt-to-equity ratio of 0.17.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 25th. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $1.74 by $0.47. The company had revenue of $373.20 million for the quarter, compared to the consensus estimate of $364.29 million. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The firm’s revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 EPS. As a group, analysts expect that OSI Systems, Inc. will post 8.03 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on OSIS. StockNews.com upgraded shares of OSI Systems from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Roth Mkm increased their target price on shares of OSI Systems from $165.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

Insider Buying and Selling

In related news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total value of $1,953,150.00. Following the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other OSI Systems news, General Counsel Victor S. Sze sold 15,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the transaction, the general counsel now owns 63,116 shares of the company’s stock, valued at approximately $8,218,334.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the transaction, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $6,503,650 in the last 90 days. Company insiders own 5.60% of the company’s stock.

About OSI Systems

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.