Raymond James Financial Inc. Buys Shares of 10,990 OSI Systems, Inc. (NASDAQ:OSIS)

Raymond James Financial Inc. bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 10,990 shares of the technology company's stock, valued at approximately $1,840,000. Raymond James Financial Inc. owned approximately 0.07% of OSI Systems as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. FMR LLC lifted its position in OSI Systems by 31.6% in the 4th quarter. FMR LLC now owns 847,907 shares of the technology company's stock valued at $141,965,000 after acquiring an additional 203,511 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in OSI Systems during the fourth quarter worth $63,171,000. Primecap Management Co. CA raised its position in OSI Systems by 1.1% in the 4th quarter. Primecap Management Co. CA now owns 297,710 shares of the technology company's stock valued at $49,846,000 after buying an additional 3,210 shares during the last quarter. Boston Partners lifted its stake in OSI Systems by 34.7% during the 4th quarter. Boston Partners now owns 237,882 shares of the technology company's stock valued at $39,911,000 after acquiring an additional 61,304 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in OSI Systems by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 214,052 shares of the technology company's stock worth $35,839,000 after acquiring an additional 3,424 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

OSI Systems Stock Down 1.9 %

Shares of OSIS stock traded down $4.30 during midday trading on Monday, reaching $220.56. 208,037 shares of the stock were exchanged, compared to its average volume of 188,268. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $227.34. The firm has a market cap of $3.71 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company's 50 day moving average is $193.02 and its two-hundred day moving average is $180.01. The company has a current ratio of 1.88, a quick ratio of 1.25 and a debt-to-equity ratio of 0.56.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The company had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. During the same period last year, the company posted $2.16 EPS. OSI Systems's revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 price objective for the company. B. Riley reaffirmed a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday. StockNews.com downgraded shares of OSI Systems from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Roth Mkm lifted their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a report on Friday. Finally, Wells Fargo & Company reduced their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems 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.