MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in OSI Systems, Inc. (NASDAQ:OSIS) by 19.7% in the 4th quarter, HoldingsChannel reports. The firm owned 48,189 shares of the technology company’s stock after purchasing an additional 7,936 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in OSI Systems were worth $8,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Capital International Investors acquired a new stake in OSI Systems during the fourth quarter worth about $97,258,000. Mawer Investment Management Ltd. acquired a new stake in OSI Systems during the fourth quarter worth about $63,171,000. Brown Advisory Inc. acquired a new stake in OSI Systems during the fourth quarter worth about $45,618,000. FMR LLC grew its holdings in OSI Systems by 31.6% during the fourth quarter. FMR LLC now owns 847,907 shares of the technology company’s stock worth $141,965,000 after acquiring an additional 203,511 shares during the period. Finally, Boston Partners grew its holdings in OSI Systems by 34.7% during the fourth quarter. Boston Partners now owns 237,882 shares of the technology company’s stock worth $39,911,000 after acquiring an additional 61,304 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at OSI Systems

In other news, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total value of $4,580,000.00. Following the sale, the chief financial officer now directly owns 284,953 shares of the company’s stock, valued at $65,254,237. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the sale, the director now directly owns 24,805 shares in the company, valued at $5,451,394.85. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,621 shares of company stock valued at $9,375,570 over the last ninety days. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

OSIS has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on OSI Systems in a report on Friday, February 21st. They set a “neutral” rating and a $225.00 target price on the stock. StockNews.com raised OSI Systems from a “sell” rating to a “hold” rating in a report on Friday. Oppenheimer raised their price objective on OSI Systems from $225.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, May 5th. B. Riley reissued a “buy” rating and issued a $255.00 price objective (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Finally, Roth Mkm raised their price objective on OSI Systems from $224.00 to $245.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.33.

OSI Systems Stock Up 1.8%

Shares of OSIS opened at $232.00 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $199.83 and its two-hundred day moving average is $185.75. The firm has a market cap of $3.90 billion, a P/E ratio of 29.86, a PEG ratio of 1.81 and a beta of 1.28. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $233.80.

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

OSI Systems 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.