OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Truvestments Capital LLC

Truvestments Capital LLC increased its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,264 shares of the technology company’s stock after purchasing an additional 105 shares during the period. Truvestments Capital LLC’s holdings in OSI Systems were worth $379,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of OSIS. Richardson Financial Services Inc. raised its position in shares of 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 purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company’s stock worth $46,000 after purchasing an additional 195 shares during the last quarter. KBC Group NV raised its position in shares of OSI Systems by 37.1% during the 4th quarter. KBC Group NV now owns 699 shares of the technology company’s stock worth $117,000 after purchasing an additional 189 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of OSI Systems by 36.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company’s stock worth $129,000 after purchasing an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of OSI Systems by 80.1% during the 4th quarter. Global Retirement Partners LLC now owns 861 shares of the technology company’s stock worth $144,000 after purchasing an additional 383 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors and hedge funds.

OSI Systems Trading Up 0.6 %

OSIS stock opened at $181.66 on Thursday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.81 and a beta of 1.20. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $188.71 and a 200-day simple moving average of $166.88. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $220.00.

OSI Systems (NASDAQ:OSIS) last released its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. On average, equities research analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Transactions at OSI Systems

In related news, Director Gerald M. Chizever sold 2,701 shares of the company’s stock in a transaction on Monday, January 27th. The shares were 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 approximately $979,150. This represents a 35.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $199.36, for a total transaction of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This trade represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,365 shares of company stock worth $1,011,508 in the last ninety days. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OSIS. B. Riley boosted their price target on OSI Systems from $180.00 to $221.00 and gave the company a “buy” rating in a report on Friday, January 24th. Roth Mkm boosted their price target on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. StockNews.com downgraded OSI Systems from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th. Finally, Oppenheimer boosted their price target on OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $212.00.

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.