Moran Wealth Management LLC Takes $541,000 Position in OSI Systems, Inc. (NASDAQ:OSIS)

Moran Wealth Management LLC bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in OSI Systems in the 4th quarter valued at $25,000. Smartleaf Asset Management LLC grew its position in shares of OSI Systems by 243.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after purchasing an additional 195 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after purchasing an additional 483 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of OSI Systems by 36.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 768 shares of the technology company's stock worth $129,000 after purchasing an additional 207 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of OSI Systems by 80.1% in the fourth quarter. Global Retirement Partners LLC now owns 861 shares of the technology company's stock worth $144,000 after buying an additional 383 shares in the last quarter. Institutional investors own 89.21% of the company's stock.

Insiders Place Their Bets

In other OSI Systems news, Director Meyer/ Luskin sold 1,000 shares of the stock in a transaction on 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 owned 11,214 shares of the company's stock, valued at approximately $2,659,400.10. This trade represents a 8.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Glenn Grindstaff sold 688 shares of OSI Systems stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the transaction, the insider owned 8,354 shares in the company, valued at $1,878,731.06. This represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,371 shares of company stock worth $9,784,380. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

OSIS has been the subject of several research analyst reports. Oppenheimer raised their price target on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. 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. B. Riley reiterated a "buy" rating and set a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $228.33.

OSI Systems Trading Up 0.4%

OSIS stock traded up $0.81 during mid-day trading on Monday, reaching $224.86. The company had a trading volume of 143,233 shares, compared to its average volume of 205,078. The company has a market capitalization of $3.78 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. The firm has a 50 day moving average of $221.10 and a 200 day moving average of $199.12. OSI Systems, Inc. has a 12 month low of $129.18 and a 12 month high of $241.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $0.06. OSI Systems had a net margin of 8.38% and a return on equity of 18.37%. The company had revenue of $444.35 million during the quarter, compared to analyst estimates of $436.49 million. During the same period in the prior year, the firm earned $2.16 earnings per share. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts predict that OSI Systems, Inc. will post 9.22 earnings per share 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.