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

Vestcor Inc lifted its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 143.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,019 shares of the technology company’s stock after buying an additional 1,189 shares during the quarter. Vestcor Inc’s holdings in OSI Systems were worth $338,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OSIS. Richardson Financial Services Inc. grew its holdings in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Truvestments Capital LLC raised its holdings in shares of OSI Systems by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company’s stock valued at $379,000 after purchasing an additional 105 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of OSI Systems by 3.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,301 shares of the technology company’s stock worth $501,000 after purchasing an additional 106 shares during the last quarter. KBC Group NV grew its stake in shares of OSI Systems by 37.1% during the fourth quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock valued at $46,000 after buying an additional 195 shares during the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $195.83, for a total transaction of $528,936.83. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $979,150. This trade represents a 35.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total transaction of $30,900.80. Following the completion of the transaction, the insider now directly owns 10,077 shares in the company, valued at $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OSIS shares. Roth Mkm upped their price objective on OSI Systems from $178.00 to $224.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a “neutral” rating and a $225.00 price target on the stock. StockNews.com downgraded shares of OSI Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. B. Riley upped their target price on shares of OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Oppenheimer lifted their price target on shares of OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $212.00.

OSI Systems Stock Up 2.7 %

OSIS stock opened at $189.17 on Tuesday. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.81 and a beta of 1.20. The company has a fifty day moving average price of $189.76 and a 200 day moving average price of $167.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $220.00.

OSI Systems (NASDAQ:OSIS) last announced its earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. Sell-side analysts expect that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

About OSI Systems

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.