Franklin Resources Inc. Purchases 324 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Franklin Resources Inc. lifted its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,560 shares of the technology company’s stock after purchasing an additional 324 shares during the period. Franklin Resources Inc. owned 0.06% of OSI Systems worth $1,429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of OSI Systems by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock valued at $17,540,000 after purchasing an additional 1,747 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in OSI Systems by 20.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 35,119 shares of the technology company’s stock valued at $4,830,000 after buying an additional 6,067 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in OSI Systems by 5.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,901 shares of the technology company’s stock worth $536,000 after buying an additional 202 shares during the last quarter. Van ECK Associates Corp raised its position in OSI Systems by 86.4% in the second quarter. Van ECK Associates Corp now owns 65,401 shares of the technology company’s stock worth $8,994,000 after acquiring an additional 30,309 shares during the period. Finally, Victory Capital Management Inc. boosted its stake 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 valued at $13,470,000 after acquiring an additional 85,904 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Trading Down 3.3 %

NASDAQ:OSIS opened at $171.35 on Friday. OSI Systems, Inc. has a 1 year low of $120.42 and a 1 year high of $189.13. The stock’s fifty day moving average price is $162.03 and its two-hundred day moving average price is $149.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.84 and a quick ratio of 1.20. The company has a market cap of $2.86 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.55 and a beta of 1.18.

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

Analysts Set New Price Targets

OSIS has been the subject of several research reports. Bank of America started coverage on OSI Systems in a report on Monday, September 30th. They set a “buy” rating and a $175.00 price objective for the company. Wells Fargo & Company upped their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.00.

Insiders Place Their Bets

In other OSI Systems news, insider Manoocher M. Aliabadi sold 2,509 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $180.02, for a total value of $451,670.18. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerald M. Chizever sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $148.16, for a total value of $296,320.00. Following the completion of the sale, the director now directly owns 7,701 shares in the company, valued at approximately $1,140,980.16. The trade was a 20.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,591 shares of company stock worth $7,557,745 in the last three months. 5.20% of the stock is currently owned by corporate insiders.

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.