Systematic Financial Management LP Buys 11,821 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Systematic Financial Management LP increased its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,163 shares of the technology company’s stock after purchasing an additional 11,821 shares during the period. OSI Systems accounts for 1.2% of Systematic Financial Management LP’s portfolio, making the stock its 14th largest holding. Systematic Financial Management LP owned about 1.64% of OSI Systems worth $46,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of OSIS. Richardson Financial Services Inc. grew its holdings in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after buying an additional 61 shares during the period. MetLife Investment Management LLC boosted its stake in OSI Systems by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company’s stock worth $1,574,000 after purchasing an additional 61 shares during the period. Summit Investment Advisors Inc. boosted its stake in OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company’s stock worth $278,000 after purchasing an additional 74 shares during the period. Truvestments Capital LLC boosted its stake in OSI Systems by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock worth $379,000 after purchasing an additional 105 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in OSI Systems by 2.8% in the 4th quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company’s stock worth $701,000 after purchasing an additional 112 shares during the period. Institutional investors own 89.21% of the company’s stock.

OSI Systems Stock Up 1.8%

Shares of OSIS stock opened at $232.00 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88. The firm’s 50-day moving average is $199.83 and its 200-day moving average is $185.41. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.81 and a beta of 1.28. OSI Systems, Inc. has a 52-week low of $129.18 and a 52-week high of $233.80.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The firm had revenue of $444.35 million for the quarter, compared to analysts’ expectations of $436.49 million. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 EPS. Sell-side analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 target price for the company. B. Riley reissued a “buy” rating and set a $255.00 price target (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Roth Mkm boosted their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of OSI Systems from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $228.33.

Insiders Place Their Bets

In related news, insider Glenn Grindstaff sold 688 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total transaction of $154,724.32. Following the sale, the insider now owns 8,354 shares in the company, valued at approximately $1,878,731.06. This trade represents a 7.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total transaction of $205,045.41. Following the sale, the director now owns 24,805 shares in the company, valued at $5,451,394.85. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,621 shares of company stock worth $9,375,570 in the last quarter. Corporate insiders own 5.20% of the company’s stock.

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.