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

Van ECK Associates Corp cut its stake in OSI Systems, Inc. (NASDAQ:OSIS) by 8.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,506 shares of the technology company’s stock after selling 17,936 shares during the period. Van ECK Associates Corp’s holdings in OSI Systems were worth $51,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mawer Investment Management Ltd. raised its position in OSI Systems by 67.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 856,383 shares of the technology company’s stock valued at $213,445,000 after purchasing an additional 343,727 shares in the last quarter. Invesco Ltd. grew its position in shares of OSI Systems by 29.6% during the second quarter. Invesco Ltd. now owns 319,258 shares of the technology company’s stock worth $71,788,000 after buying an additional 73,004 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of OSI Systems during the second quarter worth approximately $13,576,000. JPMorgan Chase & Co. increased its stake in shares of OSI Systems by 267.3% during the second quarter. JPMorgan Chase & Co. now owns 54,438 shares of the technology company’s stock worth $12,241,000 after buying an additional 39,616 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in OSI Systems by 34.7% in the second quarter. Loomis Sayles & Co. L P now owns 129,311 shares of the technology company’s stock valued at $29,077,000 after acquiring an additional 33,320 shares in the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OSI Systems

In other news, Director Deepak Chopra sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 273,044 shares in the company, valued at approximately $68,509,470.04. This trade represents a 6.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.30% of the company’s stock.

OSI Systems Price Performance

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

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 29th. The technology company reported $2.58 earnings per share (EPS) 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 net margin of 8.52% and a return on equity of 18.58%. OSI Systems’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.42 earnings per share. As a group, sell-side analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on OSIS shares. B. Riley Financial boosted their price target on shares of OSI Systems from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Roth Mkm boosted their target price on shares of OSI Systems from $292.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. raised their price target on OSI Systems from $255.00 to $262.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. UBS Group set a $292.00 price objective on OSI Systems in a research report on Monday, December 1st. Finally, Weiss Ratings lowered OSI Systems from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, February 20th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.00.

OSI Systems Company Profile

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.