Moran Wealth Management LLC Makes New $541,000 Investment in OSI Systems, Inc. (NASDAQ:OSIS)

Moran Wealth Management LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 2,786 shares of the technology company's stock, valued at approximately $541,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Wyoming increased its stake in shares of OSI Systems by 1.9% in the 4th quarter. State of Wyoming now owns 2,698 shares of the technology company's stock worth $452,000 after acquiring an additional 51 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of OSI Systems by 0.7% in the 4th quarter. MetLife Investment Management LLC now owns 9,401 shares of the technology company's stock worth $1,574,000 after acquiring an additional 61 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of OSI Systems by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock worth $278,000 after acquiring an additional 74 shares during the last quarter. Truvestments Capital LLC increased its stake in shares of OSI Systems by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock worth $379,000 after acquiring an additional 105 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of OSI Systems by 2.8% in the 4th quarter. Hsbc Holdings PLC now owns 4,176 shares of the technology company's stock worth $701,000 after acquiring an additional 112 shares during the last quarter. 89.21% of the stock is owned by institutional investors and hedge funds.

OSI Systems Trading Down 0.2%

Shares of OSIS traded down $0.46 during midday trading on Friday, hitting $224.05. 232,737 shares of the stock were exchanged, compared to its average volume of 204,814. OSI Systems, Inc. has a 52-week low of $129.18 and a 52-week high of $241.64. 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 stock has a fifty day simple moving average of $219.76 and a 200 day simple moving average of $198.39. The firm has a market cap of $3.76 billion, a P/E ratio of 27.26, a P/E/G ratio of 1.95 and a beta of 1.28.

OSI Systems (NASDAQ:OSIS - Get Free Report) last posted its earnings results 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 18.37% and a net margin of 8.38%. The firm had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same quarter in the prior year, the company earned $2.16 EPS. OSI Systems's revenue was up 9.5% on a year-over-year basis. On average, research analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

OSIS has been the subject of a number of recent research reports. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Roth Mkm raised their target price on OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. B. Riley reaffirmed a "buy" rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Oppenheimer raised their price objective on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company reduced their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.33.

Insiders Place Their Bets

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total transaction of $4,580,000.00. Following the sale, the chief financial officer now directly owns 284,953 shares in the company, valued at $65,254,237. This represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Meyer/ Luskin sold 1,000 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $237.15, for a total transaction of $237,150.00. Following the sale, the director now owns 11,214 shares in the company, valued at $2,659,400.10. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,371 shares of company stock worth $9,784,380 over the last three months. Company insiders own 5.20% of the company's stock.

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.