Hood River Capital Management LLC Acquires 30,464 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Hood River Capital Management LLC boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 10.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,788 shares of the technology company’s stock after buying an additional 30,464 shares during the period. Hood River Capital Management LLC’s holdings in OSI Systems were worth $43,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of OSI Systems in the fourth quarter valued at $14,921,000. Vanguard Group Inc. lifted its holdings in shares of OSI Systems by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock worth $270,731,000 after acquiring an additional 107,383 shares during the last quarter. Victory Capital Management Inc. grew its position in OSI Systems by 713.1% in the second quarter. Victory Capital Management Inc. now owns 97,951 shares of the technology company’s stock worth $13,470,000 after acquiring an additional 85,904 shares in the last quarter. SG Capital Management LLC increased its stake in OSI Systems by 2,952.6% in the fourth quarter. SG Capital Management LLC now owns 75,919 shares of the technology company’s stock valued at $9,797,000 after acquiring an additional 73,432 shares during the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in OSI Systems during the second quarter valued at about $5,208,000. Institutional investors own 89.21% of the company’s stock.

Insider Activity at OSI Systems

In other OSI Systems news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares of the company’s stock, valued at approximately $1,461,568.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now 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 Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Keith Morben sold 1,107 shares of OSI Systems stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $145.04, for a total value of $160,559.28. Following the completion of the sale, the insider now owns 10,077 shares in the company, valued at $1,461,568.08. The disclosure for this sale can be found here. Insiders sold 24,107 shares of company stock worth $3,474,189 in the last three months. 5.60% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. B. Riley increased their price objective 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 began coverage on shares of OSI Systems in a research note on Wednesday, September 18th. They set an “overweight” rating and a $170.00 price target on the stock. Finally, Roth Mkm upped their price objective on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, OSI Systems has an average rating of “Moderate Buy” and a consensus target price of $172.00.

OSI Systems Trading Down 1.1 %

NASDAQ OSIS opened at $145.52 on Monday. The firm has a market cap of $2.48 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.08. OSI Systems, Inc. has a 1-year low of $103.04 and a 1-year high of $158.69. The stock has a 50-day moving average of $144.50 and a 200-day moving average of $139.93. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.79 by $0.05. The business had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. As a group, sell-side analysts forecast that OSI Systems, Inc. will post 8.93 EPS for the current 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.