Legato Capital Management LLC Raises Stock Holdings in OSI Systems, Inc. (NASDAQ:OSIS)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in shares of OSI Systems in the fourth quarter valued at about $25,000. Nisa Investment Advisors LLC lifted its position in OSI Systems by 139.5% during the first quarter. Nisa Investment Advisors LLC now owns 194 shares of the technology company's stock worth $38,000 after purchasing an additional 113 shares during the period. CIBC Private Wealth Group LLC raised its stake in OSI Systems by 241.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock worth $108,000 after acquiring an additional 483 shares in the last quarter. Quantessence Capital LLC acquired a new position in OSI Systems during the fourth quarter worth about $231,000. Finally, Xponance Inc. acquired a new position in OSI Systems during the first quarter worth about $233,000. 89.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on OSIS. Roth Mkm upped their price objective on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research report on Friday, May 16th. Wells Fargo & Company cut their price target 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 increased their target price on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, B. Riley reiterated a "buy" rating and issued a $255.00 target price (up from $221.00) on shares of OSI Systems in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, OSI Systems currently has a consensus rating of "Moderate Buy" and an average target price of $228.33.

Insider Activity

In related news, insider Glenn Grindstaff sold 688 shares of OSI Systems stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $224.89, for a total value of $154,724.32. Following the completion of the sale, the insider owned 8,354 shares of the company's stock, valued at approximately $1,878,731.06. This trade represents a 7.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Meyer/ Luskin sold 1,000 shares of OSI Systems stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $237.15, for a total value of $237,150.00. Following the transaction, the director directly owned 11,214 shares of the company's stock, valued at $2,659,400.10. The trade was a 8.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,371 shares of company stock worth $9,784,380. 5.20% of the stock is owned by insiders.

OSI Systems Stock Up 0.9%

NASDAQ:OSIS traded up $2.05 during trading hours on Friday, hitting $226.08. 101,423 shares of the company traded hands, compared to its average volume of 176,036. The company has a quick ratio of 1.38, a current ratio of 2.11 and a debt-to-equity ratio of 0.53. The firm's 50-day simple moving average is $223.08 and its 200-day simple moving average is $205.10. OSI Systems, Inc. has a one year low of $129.18 and a one year high of $241.64. The company has a market cap of $3.80 billion, a PE ratio of 27.50, a PEG ratio of 1.89 and a beta of 1.27.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its earnings results 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. 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 during the quarter, compared to analyst estimates of $436.49 million. During the same period last year, the firm posted $2.16 EPS. The business's revenue was up 9.5% compared to the same quarter last year. Equities analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current 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.