Legato Capital Management LLC Increases Position in OSI Systems, Inc. (NASDAQ:OSIS)

Legato Capital Management LLC raised its stake in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 10.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,214 shares of the technology company's stock after buying an additional 1,598 shares during the quarter. Legato Capital Management LLC owned about 0.10% of OSI Systems worth $3,151,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new stake in OSI Systems in the first quarter worth $234,000. QRG Capital Management Inc. grew its stake in OSI Systems by 11.8% in the first quarter. QRG Capital Management Inc. now owns 2,899 shares of the technology company's stock worth $563,000 after purchasing an additional 305 shares during the period. Schroder Investment Management Group purchased a new stake in OSI Systems in the fourth quarter worth $472,000. Deutsche Bank AG boosted its holdings in OSI Systems by 47.3% in the fourth quarter. Deutsche Bank AG now owns 19,539 shares of the technology company's stock worth $3,271,000 after acquiring an additional 6,277 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in OSI Systems in the fourth quarter worth $248,000. Institutional investors own 89.21% of the company's stock.

Insider Activity

In other news, CFO Alan I. Edrick sold 20,000 shares of OSI Systems stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $229.00, for a total value of $4,580,000.00. Following the completion of the sale, the chief financial officer directly owned 284,953 shares of the company's stock, valued at approximately $65,254,237. The trade was a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Glenn Grindstaff sold 688 shares of the business's 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 directly owned 8,354 shares of the company's stock, valued at $1,878,731.06. The trade was a 7.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,371 shares of company stock valued at $9,784,380 in the last 90 days. 5.20% of the stock is owned by insiders.

OSI Systems Stock Performance

OSI Systems stock traded down $2.63 during trading hours on Thursday, hitting $224.03. 110,532 shares of the stock traded hands, compared to its average volume of 229,448. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.11 and a quick ratio of 1.38. The firm's 50 day moving average price is $223.28 and its 200-day moving average price is $204.26. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 1.84 and a beta of 1.27. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $241.64.

OSI Systems (NASDAQ:OSIS - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. The business had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. The company's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.16 EPS. As a group, equities analysts expect that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in 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. Wall Street Zen raised OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. 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. Oppenheimer upped their price target 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, B. Riley restated a "buy" rating and issued a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $228.33.

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.