OSI Systems, Inc. (NASDAQ:OSIS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 2,097,875 shares of the technology company’s stock after buying an additional 107,383 shares during the quarter. Vanguard Group Inc. owned approximately 0.12% of OSI Systems worth $270,731,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new stake in shares of OSI Systems during the third quarter worth $539,000. Qube Research & Technologies Ltd boosted its stake in shares of OSI Systems by 25.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 45,903 shares of the technology company’s stock valued at $5,418,000 after buying an additional 9,379 shares during the period. Gotham Asset Management LLC grew its position in shares of OSI Systems by 57.2% during the third quarter. Gotham Asset Management LLC now owns 6,370 shares of the technology company’s stock worth $752,000 after buying an additional 2,317 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of OSI Systems by 36.9% during the third quarter. Lazard Asset Management LLC now owns 7,528 shares of the technology company’s stock worth $888,000 after buying an additional 2,031 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in OSI Systems in the third quarter valued at approximately $2,548,000. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other OSI Systems news, insider Paul Keith Morben sold 310 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $133.02, for a total transaction of $41,236.20. Following the transaction, the insider now directly owns 8,834 shares of the company’s stock, valued at approximately $1,175,098.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other OSI Systems news, insider Paul Keith Morben sold 310 shares of OSI Systems stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $133.02, for a total value of $41,236.20. Following the transaction, the insider now directly owns 8,834 shares in the company, valued at approximately $1,175,098.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shalabh Chandra sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $139.50, for a total value of $94,302.00. Following the completion of the transaction, the insider now directly owns 8,192 shares in the company, valued at approximately $1,142,784. The disclosure for this sale can be found here. Insiders have sold 99,281 shares of company stock valued at $14,011,624 in the last ninety days. 5.60% of the stock is currently owned by company insiders.

OSI Systems Stock Performance

NASDAQ OSIS opened at $137.52 on Monday. The company has a fifty day moving average of $137.67 and a two-hundred day moving average of $134.16. The company has a market capitalization of $2.34 billion, a PE ratio of 18.92, a P/E/G ratio of 1.55 and a beta of 1.11. OSI Systems, Inc. has a 1 year low of $103.04 and a 1 year high of $145.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 0.89.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, April 25th. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The firm had revenue of $405.41 million during the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a return on equity of 18.10% and a net margin of 8.56%. The business’s revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 EPS. As a group, analysts expect that OSI Systems, Inc. will post 8.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OSIS shares. StockNews.com lowered shares of OSI Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Roth Mkm upped their price objective on OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer boosted their target price on OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th.

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.