OSI Systems, Inc. (NASDAQ:OSIS) Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.3% during the second quarter, Holdings Channel.com reports. The firm owned 9,164 shares of the technology company’s stock after acquiring an additional 376 shares during the period. The Manufacturers Life Insurance Company’s holdings in OSI Systems were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of OSI Systems by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 2,097,875 shares of the technology company’s stock valued at $270,731,000 after purchasing an additional 107,383 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of OSI Systems by 1.6% during the first quarter. Janus Henderson Group PLC now owns 1,249,889 shares of the technology company’s stock valued at $178,508,000 after purchasing an additional 19,683 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of OSI Systems by 10.6% during the second quarter. Hood River Capital Management LLC now owns 316,788 shares of the technology company’s stock valued at $43,565,000 after purchasing an additional 30,464 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in OSI Systems by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 127,544 shares of the technology company’s stock worth $17,540,000 after acquiring an additional 1,747 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in OSI Systems by 713.1% during 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 during the period. 89.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction dated 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 sale, the chief executive officer now directly owns 459,033 shares in the company, valued at $66,523,062.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gerald M. Chizever sold 3,000 shares of OSI Systems stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total transaction of $415,230.00. Following the completion of the sale, the director now directly owns 3,462 shares in the company, valued at $479,175.42. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Deepak Chopra sold 20,000 shares of the business’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 sale, the chief executive officer now owns 459,033 shares of the company’s stock, valued at approximately $66,523,062.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,107 shares of company stock worth $3,474,189 in the last three months. 5.60% of the stock is owned by insiders.

OSI Systems Trading Up 1.1 %

Shares of NASDAQ OSIS opened at $148.03 on Friday. OSI Systems, Inc. has a one year low of $103.04 and a one year high of $158.69. The firm has a market capitalization of $2.52 billion, a PE ratio of 20.36, a PEG ratio of 1.40 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $144.13 and a two-hundred day moving average price of $141.16.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data 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 firm had revenue of $480.91 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $2.66 EPS. As a group, analysts predict that OSI Systems, Inc. will post 8.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of research analyst reports. Roth Mkm lifted their target price on OSI Systems from $172.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company assumed coverage on OSI Systems in a research note on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price target on the stock. Bank of America assumed coverage on OSI Systems in a research note on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. Finally, B. Riley lifted their price target on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, OSI Systems presently has an average rating of “Moderate Buy” and an average target price of $172.60.

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.