Benjamin Edwards Inc. Invests $298,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Benjamin Edwards Inc. purchased a new position in shares of OSI Systems, Inc. (NASDAQ:OSIS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,165 shares of the technology company’s stock, valued at approximately $298,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arizona State Retirement System raised its position in shares of OSI Systems by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 4,532 shares of the technology company’s stock worth $623,000 after purchasing an additional 97 shares during the period. Louisiana State Employees Retirement System raised its position in shares of OSI Systems by 1.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,900 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 100 shares during the period. PNC Financial Services Group Inc. raised its position in shares of OSI Systems by 4.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 178 shares during the period. Bridge City Capital LLC raised its position in shares of OSI Systems by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock worth $3,516,000 after purchasing an additional 194 shares during the period. Finally, West Paces Advisors Inc. acquired a new stake in shares of OSI Systems during the 1st quarter worth approximately $28,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OSIS shares. B. Riley raised their target price on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company started coverage on OSI Systems in a research report on Wednesday. They issued an “overweight” rating and a $170.00 target price on the stock. Finally, Roth Mkm raised their target price on OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.00.

OSI Systems Stock Down 1.1 %

OSIS opened at $145.52 on Friday. OSI Systems, Inc. has a 12 month low of $103.04 and a 12 month high of $158.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.49 and a quick ratio of 1.00. The stock has a market cap of $2.48 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.48 and a beta of 1.08. The stock’s 50 day moving average price is $144.50 and its 200 day moving average price is $139.88.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.79 by $0.05. The firm had revenue of $480.91 million during the quarter, compared to analyst estimates of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $2.66 EPS. As a group, research analysts predict that OSI Systems, Inc. will post 8.93 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the transaction, the director now directly owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $144.92, for a total transaction of $2,898,400.00. Following the completion of the sale, the chief executive officer now directly owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the sale, the director now directly owns 3,462 shares of the company’s stock, valued at $479,175.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,107 shares of company stock valued at $3,474,189. 5.60% of the stock is owned by corporate insiders.

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.