Charles Schwab Investment Management Inc. Purchases 3,424 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Charles Schwab Investment Management Inc. lifted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 214,052 shares of the technology company’s stock after buying an additional 3,424 shares during the period. Charles Schwab Investment Management Inc.’s holdings in OSI Systems were worth $35,839,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. State Street Corp increased its holdings in OSI Systems by 0.9% during the 3rd quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after purchasing an additional 6,514 shares in the last quarter. Park Avenue Securities LLC increased its holdings in OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 1,660 shares in the last quarter. Victory Capital Management Inc. increased its holdings in OSI Systems by 25.8% during the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after purchasing an additional 25,262 shares in the last quarter. HighTower Advisors LLC bought a new position in OSI Systems during the 3rd quarter worth about $443,000. Finally, Citigroup Inc. increased its holdings in OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after purchasing an additional 10,753 shares in the last quarter. Institutional investors own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

OSIS has been the subject of a number of research reports. Wells Fargo & Company increased their target price on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Oppenheimer raised their price objective on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Roth Mkm raised their price objective on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. started coverage on OSI Systems in a report on Friday, February 21st. They issued a “neutral” rating and a $225.00 price objective for the company. Finally, B. Riley raised their price objective on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $212.00.

Insider Activity

In related news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now directly owns 10,077 shares in the company, valued at approximately $2,008,950.72. The trade was a 1.51 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

OSI Systems Trading Up 5.1 %

Shares of NASDAQ:OSIS opened at $184.24 on Monday. OSI Systems, Inc. has a 52-week low of $126.57 and a 52-week high of $220.00. The company has a market capitalization of $3.10 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company has a 50-day simple moving average of $189.25 and a 200 day simple moving average of $167.49. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Sell-side analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

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.