OSI Systems, Inc. $OSIS Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in OSI Systems, Inc. by 39.3% during the first quarter, holding a total of 246,254 shares valued at approximately $47.86 million.
• Several analysts have raised their price targets for OSI Systems, with Oppenheimer increasing its target from $225 to $260, reflecting strong buy ratings from multiple firms.
• OSI Systems shares opened at $234.27, with a 12-month high of $241.64 and a low of $129.84, indicating significant volatility in the stock price over the past year.

Invesco Ltd. grew its holdings in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 39.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,254 shares of the technology company's stock after acquiring an additional 69,536 shares during the period. Invesco Ltd. owned about 1.47% of OSI Systems worth $47,857,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in OSIS. National Bank of Canada FI lifted its holdings in shares of OSI Systems by 118.2% in the first quarter. National Bank of Canada FI now owns 144 shares of the technology company's stock worth $28,000 after buying an additional 78 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in OSI Systems by 139.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after purchasing an additional 113 shares in the last quarter. Quantessence Capital LLC bought a new position in shares of OSI Systems during the 4th quarter valued at about $231,000. Xponance Inc. purchased a new position in shares of OSI Systems during the first quarter valued at about $233,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of OSI Systems during the first quarter valued at about $234,000. Hedge funds and other institutional investors own 89.21% of the company's stock.

Analyst Ratings Changes

OSIS has been the topic of several research reports. Roth Mkm boosted their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Oppenheimer boosted their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. B. Riley reaffirmed a "buy" rating and issued a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Stock Down 1.9%

Shares of OSIS traded down $4.31 during midday trading on Tuesday, reaching $226.91. 134,992 shares of the stock were exchanged, compared to its average volume of 142,280. The company has a market capitalization of $3.81 billion, a P/E ratio of 27.60, a PEG ratio of 1.96 and a beta of 1.31. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. OSI Systems, Inc. has a 52 week low of $129.84 and a 52 week high of $241.64. The company's 50 day moving average is $223.52 and its two-hundred day moving average is $211.28.

Insider Transactions at OSI Systems

In other OSI Systems news, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $237.15, for a total value of $237,150.00. Following the transaction, the director owned 11,214 shares in the company, valued at $2,659,400.10. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Francis Ballhaus, Jr. sold 750 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $228.88, for a total value of $171,660.00. Following the completion of the sale, the director owned 24,055 shares of the company's stock, valued at approximately $5,505,708.40. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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.