OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 41.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,775 shares of the technology company's stock after acquiring an additional 1,404 shares during the quarter. ProShare Advisors LLC's holdings in OSI Systems were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nicholas Investment Partners LP increased its holdings in OSI Systems by 3.5% during the 4th quarter. Nicholas Investment Partners LP now owns 48,299 shares of the technology company's stock valued at $8,087,000 after acquiring an additional 1,619 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in OSI Systems during the 4th quarter valued at about $500,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in OSI Systems by 19.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,189 shares of the technology company's stock valued at $8,068,000 after acquiring an additional 7,936 shares in the last quarter. Janus Henderson Group PLC increased its holdings in OSI Systems by 1.8% during 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 acquiring an additional 21,637 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased 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 acquiring an additional 59,690 shares in the last quarter. 89.21% of the stock is currently owned by hedge funds and other institutional investors.

OSI Systems Trading Up 1.2%

OSIS stock traded up $2.67 on Thursday, hitting $218.67. 29,831 shares of the company were exchanged, compared to its average volume of 193,417. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $234.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The business's fifty day moving average is $205.77 and its two-hundred day moving average is $190.21. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.

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

Insider Buying and Selling at OSI Systems

In other OSI Systems news, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total value of $205,045.41. Following the transaction, the director now owns 24,805 shares in the company, valued at $5,451,394.85. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $4,435,800.00. Following 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 a total of 42,371 shares of company stock worth $9,547,230 in the last quarter. 5.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on OSIS shares. Wells Fargo & Company dropped their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Oppenheimer lifted their target price on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. began coverage on shares of OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price for the company. Wall Street Zen raised shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Roth Mkm lifted their target price on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. 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 currently has an average rating of "Moderate Buy" and an average target price of $228.33.

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.