2,947 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Purchased by HighTower Advisors LLC

HighTower Advisors LLC purchased a new position in OSI Systems, Inc. (NASDAQ:OSIS) in the third quarter, Holdings Channel reports. The institutional investor purchased 2,947 shares of the technology company’s stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OSIS. Quest Partners LLC bought a new position in shares of OSI Systems in the 2nd quarter worth $40,000. Innealta Capital LLC purchased a new position in shares of OSI Systems in the second quarter valued at about $82,000. International Assets Investment Management LLC lifted its holdings in OSI Systems by 15,075.0% in the 3rd quarter. International Assets Investment Management LLC now owns 607 shares of the technology company’s stock worth $92,000 after buying an additional 603 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in OSI Systems in the second quarter valued at $160,000. Finally, nVerses Capital LLC purchased a new position in shares of OSI Systems during the third quarter valued at about $182,000. 89.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OSIS shares. StockNews.com upgraded shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. 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 price target for the company. Finally, Wells Fargo & Company increased their price objective on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One 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, the company has a consensus rating of “Moderate Buy” and an average price target of $179.00.

OSI Systems Stock Performance

NASDAQ:OSIS opened at $175.07 on Friday. The stock has a 50-day moving average price of $159.31 and a 200 day moving average price of $148.59. The company has a current ratio of 1.84, a quick ratio of 1.20 and a debt-to-equity ratio of 0.60. OSI Systems, Inc. has a 12-month low of $120.42 and a 12-month high of $189.13. The stock has a market capitalization of $2.93 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.55 and a beta of 1.18.

OSI Systems (NASDAQ:OSIS) last released its earnings results on Thursday, October 24th. The technology company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.06 by $0.19. The firm had revenue of $344.01 million for the quarter, compared to the consensus estimate of $318.66 million. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Equities research analysts forecast that OSI Systems, Inc. will post 9.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other OSI Systems news, CEO Deepak Chopra sold 15,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $153.42, for a total value of $2,301,300.00. Following the sale, the chief executive officer now owns 424,323 shares in the company, valued at $65,099,634.66. This trade represents a 3.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Manoocher M. Aliabadi sold 2,509 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $180.02, for a total transaction of $451,670.18. Following the completion of the transaction, the insider now directly owns 78,094 shares in the company, valued at $14,058,481.88. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,591 shares of company stock valued at $7,557,745 in the last three months. Corporate insiders own 5.20% of the company’s stock.

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.