1,204 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,204 shares of the technology company’s stock, valued at approximately $234,000.

Several other large investors also recently modified their holdings of OSIS. Capital International Investors bought a new stake in shares of OSI Systems in the fourth quarter worth about $97,258,000. Mawer Investment Management Ltd. bought a new stake in shares of OSI Systems in the fourth quarter worth about $63,171,000. Brown Advisory Inc. bought a new stake in shares of OSI Systems in the fourth quarter worth about $45,618,000. FMR LLC grew its stake in shares of OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock worth $141,965,000 after purchasing an additional 203,511 shares during the last quarter. Finally, Boston Partners grew its stake in shares of OSI Systems by 34.7% in the fourth quarter. Boston Partners now owns 237,882 shares of the technology company’s stock worth $39,911,000 after purchasing an additional 61,304 shares during the last quarter. 89.21% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total transaction of $237,150.00. Following the completion of the transaction, the director directly owned 11,214 shares in the company, valued at approximately $2,659,400.10. This trade represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Glenn Grindstaff sold 688 shares of OSI Systems stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the transaction, the insider owned 8,354 shares of the company’s stock, valued at $1,878,731.06. The trade was a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,371 shares of company stock valued at $9,784,380. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Oppenheimer raised their target price on OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. B. Riley restated a “buy” rating and issued a $255.00 price objective (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Wall Street Zen upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Roth Mkm raised their price objective on shares of OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, OSI Systems has a consensus rating of “Moderate Buy” and a consensus target price of $228.33.

OSI Systems Stock Performance

Shares of OSIS opened at $215.37 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $241.64. The company has a 50-day simple moving average of $223.08 and a two-hundred day simple moving average of $199.95. The firm has a market capitalization of $3.62 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The firm had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. During the same period last year, the business earned $2.16 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. On average, analysts anticipate that OSI Systems, Inc. will post 9.22 EPS 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.