OSI Systems, Inc. $OSIS Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 5.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 94,574 shares of the technology company’s stock after acquiring an additional 5,240 shares during the quarter. Envestnet Asset Management Inc.’s holdings in OSI Systems were worth $23,572,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in OSIS. Salomon & Ludwin LLC purchased a new position in shares of OSI Systems in the third quarter worth about $32,000. Bessemer Group Inc. boosted its position in OSI Systems by 78.7% in the second quarter. Bessemer Group Inc. now owns 134 shares of the technology company’s stock valued at $30,000 after buying an additional 59 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in OSI Systems by 58.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 144 shares of the technology company’s stock worth $36,000 after buying an additional 53 shares during the period. Nisa Investment Advisors LLC raised its position in OSI Systems by 28.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 256 shares of the technology company’s stock worth $64,000 after buying an additional 57 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in OSI Systems by 45.1% during the 2nd quarter. Assetmark Inc. now owns 415 shares of the technology company’s stock valued at $93,000 after acquiring an additional 129 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. 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 note on Monday, February 2nd. UBS Group set a $292.00 price target on shares of OSI Systems in a report on Monday, December 1st. Roth Mkm lifted their price objective on OSI Systems from $292.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, January 30th. B. Riley Financial upped their target price on OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Bank of America raised their target price on OSI Systems from $265.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, OSI Systems presently has an average rating of “Buy” and a consensus price target of $282.00.

Insider Activity at OSI Systems

In related news, Director Deepak Chopra sold 20,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were 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 represents a 6.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by corporate insiders.

OSI Systems Trading Up 1.4%

Shares of NASDAQ:OSIS opened at $268.61 on Friday. The business’s 50 day moving average price is $269.96 and its 200-day moving average price is $254.19. OSI Systems, Inc. has a 1 year low of $153.40 and a 1 year high of $294.93. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.16 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.15 and a quick ratio of 2.31.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.52 by $0.06. The company had revenue of $464.06 million during the quarter, compared to analysts’ expectations of $449.51 million. OSI Systems had a net margin of 8.52% and a return on equity of 18.58%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.42 earnings per share. On average, equities research analysts forecast that OSI Systems, Inc. will post 9.22 earnings per share 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.