LPL Financial LLC Boosts Stake in OSI Systems, Inc. (NASDAQ:OSIS)

Key Points

• LPL Financial LLC increased its stake in OSI Systems by 79.4% during the first quarter, now owning approximately $3 million worth of shares.
• Multiple institutional investors have also made significant moves, with Capital International Investors purchasing a stake worth about $97 million in the fourth quarter.
• Wall Street analysts have given OSI Systems a consensus rating of "Moderate Buy", with B. Riley and Oppenheimer raising their price targets to $255.00 and $260.00 respectively.

LPL Financial LLC raised its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 79.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,479 shares of the technology company's stock after purchasing an additional 6,853 shares during the quarter. LPL Financial LLC owned 0.09% of OSI Systems worth $3,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OSIS. Capital International Investors purchased a new stake in OSI Systems in the 4th quarter worth about $97,258,000. Brown Advisory Inc. purchased a new position in shares of OSI Systems during the fourth quarter worth approximately $45,618,000. Clark Capital Management Group Inc. increased its position in shares of OSI Systems by 19.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock worth $60,729,000 after acquiring an additional 59,690 shares during the period. Oberweis Asset Management Inc. increased its position in shares of OSI Systems by 45.1% during the fourth quarter. Oberweis Asset Management Inc. now owns 100,400 shares of the technology company's stock worth $16,810,000 after acquiring an additional 31,200 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of OSI Systems by 27,175.4% during the first quarter. GAMMA Investing LLC now owns 31,094 shares of the technology company's stock worth $6,043,000 after acquiring an additional 30,980 shares during the period. 89.21% of the stock is owned by hedge funds and other institutional investors.

OSI Systems Price Performance

NASDAQ OSIS opened at $234.27 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.38 and a current ratio of 2.11. The firm's 50 day moving average price is $223.54 and its 200-day moving average price is $210.83. OSI Systems, Inc. has a 52-week low of $129.84 and a 52-week high of $241.64. The company has a market cap of $3.93 billion, a PE ratio of 28.50, a P/E/G ratio of 1.98 and a beta of 1.31.

Insider Buying and Selling

In other news, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $237.15, for a total transaction of $237,150.00. Following the transaction, the director directly owned 11,214 shares in the company, valued at approximately $2,659,400.10. This trade represents 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 accessible through this link. Also, Director William Francis Ballhaus, Jr. sold 750 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $228.88, for a total transaction of $171,660.00. Following the transaction, the director owned 24,055 shares in the company, valued at approximately $5,505,708.40. This 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OSIS shares. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. B. Riley reaffirmed a "buy" rating and set a $255.00 target price (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Oppenheimer raised their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Roth Mkm raised their target price 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus 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.

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