OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. increased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 22.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,774 shares of the technology company’s stock after buying an additional 4,783 shares during the period. Stanley Laman Group Ltd. owned about 0.15% of OSI Systems worth $3,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OSIS. Vanguard Group Inc. grew its holdings in OSI Systems by 5.4% in 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 during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of OSI Systems by 4.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after buying an additional 178 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in OSI Systems in the 1st quarter valued at about $259,000. West Paces Advisors Inc. purchased a new position in OSI Systems during the 1st quarter valued at about $28,000. Finally, Register Financial Advisors LLC acquired a new position in OSI Systems during the first quarter worth about $450,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Stock Down 3.0 %

Shares of NASDAQ OSIS opened at $140.59 on Wednesday. The firm has a market cap of $2.33 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.37 and a beta of 1.08. 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, Inc. has a 1 year low of $103.04 and a 1 year high of $158.69. The firm’s 50 day moving average price is $145.48 and its 200 day moving average price is $141.51.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, August 22nd. The technology company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.05. The business had revenue of $480.91 million for the quarter, compared to analysts’ expectations of $467.24 million. OSI Systems had a return on equity of 17.80% and a net margin of 8.33%. The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.66 earnings per share. As a group, sell-side analysts anticipate that OSI Systems, Inc. will post 8.98 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other news, insider Paul Keith Morben sold 1,107 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the transaction, the insider now directly owns 10,077 shares in the company, valued at $1,461,568.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Paul Keith Morben sold 1,107 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $145.04, for a total transaction of $160,559.28. Following the completion of the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at $1,461,568.08. The trade was 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. Also, Director Gerald M. Chizever sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $138.41, for a total value of $415,230.00. Following the sale, the director now owns 3,462 shares of the company’s stock, valued at approximately $479,175.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,107 shares of company stock worth $3,474,189 in the last 90 days. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on OSIS shares. Roth Mkm increased 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. Wells Fargo & Company assumed coverage on OSI Systems in a report on Wednesday, September 18th. They set an “overweight” rating and a $170.00 target price on the stock. 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 price target for the company. Finally, B. Riley upped their price objective on OSI Systems from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $172.60.

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.