OSI Systems, Inc. $OSIS Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in OSI Systems, Inc. (NASDAQ:OSIS) by 8.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,506 shares of the technology company’s stock after selling 17,936 shares during the quarter. Van ECK Associates Corp owned about 1.21% of OSI Systems worth $51,220,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in OSIS. Richardson Financial Services Inc. lifted its holdings in OSI Systems by 58.2% in the third quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock valued at $36,000 after acquiring an additional 53 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in OSI Systems by 28.6% during the third quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock worth $64,000 after acquiring an additional 57 shares during the last quarter. Arizona State Retirement System raised its position in OSI Systems by 1.5% in the third quarter. Arizona State Retirement System now owns 4,711 shares of the technology company’s stock valued at $1,174,000 after purchasing an additional 71 shares during the period. California State Teachers Retirement System lifted its stake in shares of OSI Systems by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 15,795 shares of the technology company’s stock valued at $3,552,000 after purchasing an additional 77 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in shares of OSI Systems by 6.0% in the 3rd quarter. Inspire Investing LLC now owns 1,851 shares of the technology company’s stock valued at $461,000 after purchasing an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company’s stock.

OSI Systems Price Performance

OSIS stock opened at $279.01 on Wednesday. The business’s fifty day moving average price is $275.94 and its 200 day moving average price is $261.44. OSI Systems, Inc. has a 12-month low of $153.40 and a 12-month high of $306.12. The company has a current ratio of 3.15, a quick ratio of 2.31 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $4.60 billion, a PE ratio of 31.60, a P/E/G ratio of 2.30 and a beta of 1.32.

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

Insider Buying and Selling at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $250.91, for a total value of $5,018,200.00. Following the completion of the transaction, the director owned 273,044 shares in the company, valued at approximately $68,509,470.04. The trade was a 6.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

OSIS has been the topic of several research analyst reports. UBS Group set a $292.00 price objective on shares of OSI Systems in a report on Monday, December 1st. Roth Mkm lifted their price target 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. B. Riley Financial boosted their price target on shares of OSI Systems from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Weiss Ratings lowered shares of OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of OSI Systems from $255.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, OSI Systems has an average rating of “Moderate Buy” and a consensus price target of $282.00.

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.