Public Sector Pension Investment Board Acquires 8,309 Shares of OSI Systems, Inc. $OSIS

Public Sector Pension Investment Board grew its holdings in OSI Systems, Inc. (NASDAQ:OSIS) by 15.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,545 shares of the technology company’s stock after acquiring an additional 8,309 shares during the period. Public Sector Pension Investment Board owned 0.36% of OSI Systems worth $15,339,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its stake in shares of OSI Systems by 3.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 7,960 shares of the technology company’s stock worth $1,984,000 after purchasing an additional 251 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in OSI Systems by 9.4% during the third quarter. Advisors Asset Management Inc. now owns 21,466 shares of the technology company’s stock valued at $5,350,000 after purchasing an additional 1,837 shares during the period. Bessemer Group Inc. increased its position in OSI Systems by 467.2% in the third quarter. Bessemer Group Inc. now owns 760 shares of the technology company’s stock worth $188,000 after buying an additional 626 shares in the last quarter. Envestnet Asset Management Inc. increased its position in OSI Systems by 5.9% in the third quarter. Envestnet Asset Management Inc. now owns 94,574 shares of the technology company’s stock worth $23,572,000 after buying an additional 5,240 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of OSI Systems by 22.0% in the third quarter. Ashton Thomas Private Wealth LLC now owns 1,784 shares of the technology company’s stock worth $445,000 after buying an additional 322 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Insider Activity at OSI Systems

In other OSI Systems news, Director Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $250.91, for a total transaction of $5,018,200.00. Following the completion of the transaction, the director owned 273,044 shares in the company, valued at $68,509,470.04. This trade represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

OSIS has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Bank of America upped their price target on shares of OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Roth Mkm raised their price objective on shares of OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Weiss Ratings raised shares of OSI Systems from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, February 5th. Finally, B. Riley Financial increased their price target on OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, OSI Systems presently has a consensus rating of “Buy” and an average target price of $282.00.

OSI Systems Price Performance

OSIS stock opened at $268.61 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.31 and a current ratio of 3.15. The company’s fifty day moving average price is $269.96 and its 200-day moving average price is $254.39. OSI Systems, Inc. has a one year low of $153.40 and a one year high of $294.93. The company has a market capitalization of $4.42 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.06. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The company had revenue of $464.06 million for the quarter, compared to the consensus estimate of $449.51 million. During the same period in the previous year, the firm posted $2.42 EPS. OSI Systems’s revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

About OSI Systems

OSI Systems, Inc (NASDAQ: OSIS) is a publicly traded technology company founded in 1987 and headquartered in Hawthorne, California. The company designs, develops and manufactures advanced security and inspection systems, optoelectronic devices and medical imaging equipment. Over its history, OSI Systems has grown its product offerings through internal research and development as well as strategic acquisitions, expanding its capabilities in mission-critical sensing and inspection technologies.

OSI Systems operates three primary business segments.