Van ECK Associates Corp Increases Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

Van ECK Associates Corp boosted its position in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 33.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,709 shares of the technology company’s stock after purchasing an additional 27,363 shares during the quarter. Van ECK Associates Corp’s holdings in OSI Systems were worth $18,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Legato Capital Management LLC lifted its position in shares of OSI Systems by 3.1% in the 4th quarter. Legato Capital Management LLC now owns 14,616 shares of the technology company’s stock worth $2,447,000 after purchasing an additional 435 shares during the period. Allspring Global Investments Holdings LLC raised its stake in OSI Systems by 51.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,557 shares of the technology company’s stock worth $6,790,000 after buying an additional 13,826 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in OSI Systems by 11.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 29,916 shares of the technology company’s stock valued at $5,009,000 after acquiring an additional 3,044 shares in the last quarter. Longboard Asset Management LP bought a new stake in OSI Systems during the 4th quarter valued at $202,000. Finally, Richardson Financial Services Inc. increased its holdings in shares of OSI Systems by 65.6% in the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company’s stock valued at $26,000 after acquiring an additional 61 shares during the period. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OSI Systems news, Director Gerald M. Chizever sold 2,701 shares of OSI Systems stock in a transaction dated 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 transaction, the director now owns 5,000 shares in the company, valued at approximately $979,150. This trade represents a 35.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Keith Morben sold 155 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,447 shares of company stock valued at $5,519,962. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OSIS shares. Roth Mkm raised their price objective on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday, January 24th. B. Riley lifted their price objective on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Oppenheimer raised their target price on shares of OSI Systems from $205.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective on OSI Systems from $172.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, OSI Systems currently has an average rating of “Moderate Buy” and a consensus target price of $209.40.

OSI Systems Price Performance

Shares of OSIS opened at $211.67 on Friday. The firm has a market capitalization of $3.56 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The company’s fifty day moving average price is $181.45 and its 200-day moving average price is $159.91. OSI Systems, Inc. has a 1-year low of $126.57 and a 1-year high of $212.00.

OSI Systems (NASDAQ:OSIS) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate 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 predict that OSI Systems, Inc. will post 9.22 EPS 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.