Creative Planning Boosts Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Creative Planning boosted its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 55.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,605 shares of the technology company’s stock after purchasing an additional 926 shares during the period. Creative Planning’s holdings in OSI Systems were worth $396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Oliver Luxxe Assets LLC lifted its position in shares of OSI Systems by 78.1% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 21,396 shares of the technology company’s stock valued at $3,249,000 after buying an additional 9,381 shares during the last quarter. Inspire Investing LLC raised its stake in shares of OSI Systems by 7.9% during the 3rd quarter. Inspire Investing LLC now owns 2,741 shares of the technology company’s stock valued at $416,000 after purchasing an additional 200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of OSI Systems by 24.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 9,600 shares of the technology company’s stock valued at $1,457,000 after purchasing an additional 1,900 shares during the period. Handelsbanken Fonder AB raised its stake in shares of OSI Systems by 68.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 6,165 shares of the technology company’s stock valued at $936,000 after purchasing an additional 2,500 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of OSI Systems by 20.9% during the 3rd quarter. Park Avenue Securities LLC now owns 4,615 shares of the technology company’s stock valued at $701,000 after purchasing an additional 799 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on OSIS. Bank of America began coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 target price on the stock. Roth Mkm upped their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. B. Riley upped their target price on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company upped their target price on OSI Systems from $170.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, OSI Systems currently has an average rating of “Moderate Buy” and an average price target of $173.00.

OSI Systems Price Performance

Shares of OSI Systems stock opened at $149.03 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.49 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.10. The business’s 50-day moving average price is $143.34 and its 200-day moving average price is $141.42. OSI Systems, Inc. has a 12 month low of $108.15 and a 12 month high of $158.69.

OSI Systems (NASDAQ:OSIS) last issued its earnings results on Thursday, October 24th. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.19. The company had revenue of $344.01 million during the quarter, compared to analysts’ expectations of $318.66 million. OSI Systems had a return on equity of 18.17% and a net margin of 8.31%. OSI Systems’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. Sell-side analysts forecast that OSI Systems, Inc. will post 9.12 EPS for the current fiscal year.

Insider Activity at OSI Systems

In other OSI Systems news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 3,462 shares in the company, valued at approximately $479,175.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Deepak Chopra sold 20,000 shares of the firm’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 value of $2,898,400.00. Following the completion of the transaction, the chief executive officer now owns 459,033 shares in the company, valued at $66,523,062.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $138.41, for a total value of $415,230.00. Following the completion of the transaction, the director now owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,107 shares of company stock worth $3,474,189 in the last ninety days. 5.20% of the stock is owned by company 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.