OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 19.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,189 shares of the technology company's stock after purchasing an additional 7,936 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.29% of OSI Systems worth $8,068,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in OSI Systems by 1.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,230,805 shares of the technology company's stock valued at $206,072,000 after purchasing an additional 21,637 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in OSI Systems by 19.7% during the 4th quarter. Clark Capital Management Group Inc. now owns 362,712 shares of the technology company's stock valued at $60,729,000 after buying an additional 59,690 shares during the last quarter. Deutsche Bank AG grew its holdings in OSI Systems by 47.3% during the 4th quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock valued at $3,271,000 after buying an additional 6,277 shares during the last quarter. Corton Capital Inc. acquired a new stake in OSI Systems during the 4th quarter valued at $281,000. Finally, Cetera Investment Advisers grew its holdings in OSI Systems by 29.5% during the 4th quarter. Cetera Investment Advisers now owns 10,896 shares of the technology company's stock valued at $1,824,000 after buying an additional 2,485 shares during the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at OSI Systems

In related news, insider Glenn Grindstaff sold 688 shares of OSI Systems stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the transaction, the insider now owns 8,354 shares in the company, valued at approximately $1,878,731.06. This trade represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman now owns 339,478 shares in the company, valued at $75,292,825.62. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,371 shares of company stock worth $9,547,230 over the last quarter. 5.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on OSIS. Roth Mkm increased their target price on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wells Fargo & Company lowered their target price on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on OSI Systems in a report on Friday, February 21st. They set a "neutral" rating and a $225.00 target price on the stock. Oppenheimer increased their target price on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, B. Riley reiterated a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Trading Down 0.5%

Shares of OSIS stock traded down $1.24 during mid-day trading on Friday, hitting $227.44. 115,768 shares of the company's stock were exchanged, compared to its average volume of 193,184. OSI Systems, Inc. has a fifty-two week low of $129.18 and a fifty-two week high of $233.80. The stock has a 50-day simple moving average of $204.23 and a two-hundred day simple moving average of $188.67. 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 stock has a market cap of $3.82 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.81 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.06. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. The business had revenue of $444.35 million for the quarter, compared to analysts' expectations of $436.49 million. During the same quarter last year, the firm earned $2.16 earnings per share. The business's revenue was up 9.5% on a year-over-year basis. Equities analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

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.