OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by Covestor Ltd

Covestor Ltd grew its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 48,000.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 481 shares of the technology company’s stock after purchasing an additional 480 shares during the quarter. Covestor Ltd’s holdings in OSI Systems were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Thematics Asset Management increased its holdings in shares of OSI Systems by 18.8% in the 4th quarter. Thematics Asset Management now owns 158,000 shares of the technology company’s stock valued at $20,390,000 after acquiring an additional 25,000 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of OSI Systems in the 4th quarter valued at $1,007,000. Wakefield Asset Management LLLP purchased a new position in OSI Systems in the 1st quarter valued at $959,000. Calamos Advisors LLC purchased a new position in OSI Systems in the 4th quarter valued at $762,000. Finally, Allspring Global Investments Holdings LLC grew its position in OSI Systems by 1,193.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,052 shares of the technology company’s stock valued at $4,149,000 after buying an additional 26,806 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

Insiders Place Their Bets

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 675 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total transaction of $90,436.50. Following the sale, the director now directly owns 25,907 shares of the company’s stock, valued at approximately $3,471,019.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William Francis Ballhaus, Jr. sold 675 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $133.98, for a total transaction of $90,436.50. Following the transaction, the director now directly owns 25,907 shares in the company, valued at approximately $3,471,019.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Alan I. Edrick sold 4,216 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $142.14, for a total transaction of $599,262.24. Following the transaction, the chief financial officer now owns 340,915 shares in the company, valued at $48,457,658.10. The disclosure for this sale can be found here. Insiders have sold 99,281 shares of company stock valued at $14,011,624 in the last ninety days. Insiders own 5.60% of the company’s stock.

OSI Systems Price Performance

Shares of NASDAQ OSIS opened at $147.25 on Thursday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.57 and a beta of 1.09. OSI Systems, Inc. has a 52 week low of $103.04 and a 52 week high of $153.41. The company’s 50-day moving average price is $140.11 and its 200 day moving average price is $135.90. The company has a current ratio of 1.47, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16.

OSI Systems (NASDAQ:OSIS) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.05. The firm had revenue of $405.41 million for the quarter, compared to analysts’ expectations of $401.99 million. OSI Systems had a net margin of 8.56% and a return on equity of 18.10%. The firm’s revenue was up 33.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS. As a group, research analysts forecast that OSI Systems, Inc. will post 8.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.