Livforsakringsbolaget Skandia Omsesidigt Buys 1,900 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

by · The Cerbat Gem

Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS – Free Report) by 24.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,600 shares of the technology company’s stock after acquiring an additional 1,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned about 0.06% of OSI Systems worth $1,457,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wakefield Asset Management LLLP bought a new position in OSI Systems during the first quarter valued at $959,000. Allspring Global Investments Holdings LLC increased its holdings in OSI Systems by 1,193.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock worth $4,149,000 after acquiring an additional 26,806 shares during the last quarter. Van ECK Associates Corp raised its stake in OSI Systems by 271.1% in the 1st quarter. Van ECK Associates Corp now owns 35,092 shares of the technology company’s stock valued at $5,012,000 after acquiring an additional 25,636 shares during the period. Tidal Investments LLC purchased a new stake in OSI Systems during the first quarter valued at about $921,000. Finally, Renaissance Technologies LLC boosted its position in OSI Systems by 79.8% during the second quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after purchasing an additional 11,400 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Buying and Selling at OSI Systems

In other news, Director Gerald M. Chizever sold 3,000 shares of the stock in a transaction 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 transaction, the director now owns 3,462 shares of the company’s stock, valued at $479,175.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 3,462 shares in the company, valued at approximately $479,175.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Keith Morben sold 1,107 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total value of $160,559.28. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at approximately $1,461,568.08. This 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 over the last three months. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

OSIS has been the topic of several research reports. Roth Mkm boosted their price target on shares of OSI Systems from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Bank of America initiated coverage on OSI Systems in a research report on Monday, September 30th. They set a “buy” rating and a $175.00 target price on the stock. Wells Fargo & Company initiated coverage on OSI Systems in a research report on Wednesday, September 18th. They issued an “overweight” rating and a $170.00 price target for the company. Finally, B. Riley increased their price objective on OSI Systems from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, OSI Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.60.

Get Our Latest Stock Report on OSIS

OSI Systems Trading Up 1.1 %

OSI Systems stock opened at $148.03 on Friday. The stock has a market cap of $2.52 billion, a P/E ratio of 20.36, a PEG ratio of 1.40 and a beta of 1.08. OSI Systems, Inc. has a fifty-two week low of $103.04 and a fifty-two week high of $158.69. The firm’s fifty day moving average price is $144.31 and its 200-day moving average price is $141.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.49.

OSI Systems (NASDAQ:OSIS – Get Free Report) last released its quarterly earnings results on Thursday, August 22nd. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.05. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The firm had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. During the same quarter last year, the firm posted $2.66 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. Equities research analysts forecast that OSI Systems, Inc. will post 8.98 earnings per share for the current fiscal year.

OSI Systems Company Profile

(Free Report)

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.

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