Chatham Capital Group Inc. Raises Stock Position in OSI Systems, Inc. (NASDAQ:OSIS)

Chatham Capital Group Inc. grew its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 13.9% in the first quarter, HoldingsChannel reports. The firm owned 16,157 shares of the technology company’s stock after buying an additional 1,975 shares during the quarter. Chatham Capital Group Inc.’s holdings in OSI Systems were worth $2,308,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new position in shares of OSI Systems during the first quarter valued at about $450,000. West Paces Advisors Inc. purchased a new position in shares of OSI Systems during the first quarter valued at about $28,000. Bridge City Capital LLC grew its position in shares of OSI Systems by 0.8% during the first quarter. Bridge City Capital LLC now owns 24,618 shares of the technology company’s stock valued at $3,516,000 after purchasing an additional 194 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of OSI Systems during the first quarter valued at about $259,000. Finally, PNC Financial Services Group Inc. grew its position in OSI Systems by 4.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,896 shares of the technology company’s stock worth $503,000 after acquiring an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on OSIS. StockNews.com lowered OSI Systems from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Roth Mkm raised their price objective on shares of OSI Systems from $169.00 to $172.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Oppenheimer raised their price objective on shares of OSI Systems from $157.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th.

OSI Systems Stock Down 1.9 %

NASDAQ:OSIS traded down $2.65 during trading hours on Friday, reaching $137.52. The company’s stock had a trading volume of 178,580 shares, compared to its average volume of 94,033. The company has a market capitalization of $2.34 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.55 and a beta of 1.11. OSI Systems, Inc. has a 12 month low of $103.04 and a 12 month high of $145.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.47. The stock has a 50 day moving average price of $137.67 and a two-hundred day moving average price of $134.16.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.05. The company had revenue of $405.41 million during the quarter, compared to the consensus estimate of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. OSI Systems’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Equities analysts predict that OSI Systems, Inc. will post 8.09 EPS for the current fiscal year.

Insider Buying and Selling

In other OSI Systems news, CEO Deepak Chopra sold 40,000 shares of OSI Systems stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $139.75, for a total value of $5,590,000.00. Following the transaction, the chief executive officer now directly owns 428,615 shares of the company’s stock, valued at $59,898,946.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other OSI Systems news, CFO Alan I. Edrick sold 30,386 shares of OSI Systems stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $143.75, for a total value of $4,367,987.50. Following the transaction, the chief financial officer now directly owns 310,529 shares of the company’s stock, valued at $44,638,543.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Deepak Chopra sold 40,000 shares of OSI Systems stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $139.75, for a total transaction of $5,590,000.00. Following the completion of the transaction, the chief executive officer now directly owns 428,615 shares in the company, valued at $59,898,946.25. The disclosure for this sale can be found here. Insiders sold 99,281 shares of company stock valued at $14,011,624 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

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.