Sequoia Financial Advisors LLC Buys Shares of 1,204 OSI Systems, Inc. (NASDAQ:OSIS)

Sequoia Financial Advisors LLC bought a new stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,204 shares of the technology company's stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in OSI Systems in the 4th quarter valued at about $25,000. Smartleaf Asset Management LLC boosted its stake in OSI Systems by 243.8% during the 4th 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 during the last quarter. CIBC Private Wealth Group LLC boosted its stake in OSI Systems by 241.5% during the 4th 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 during the last quarter. Quantessence Capital LLC acquired a new position in OSI Systems during the 4th quarter valued at about $231,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in OSI Systems during the 4th quarter valued at about $232,000. 89.21% of the stock is owned by institutional investors.

OSI Systems Stock Performance

Shares of NASDAQ OSIS traded down $13.27 during midday trading on Friday, reaching $215.37. The company's stock had a trading volume of 70,187 shares, compared to its average volume of 206,841. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $241.64. The firm has a 50 day moving average price of $223.08 and a 200-day moving average price of $200.12. The stock has a market capitalization of $3.62 billion, a P/E ratio of 26.20, a PEG ratio of 1.97 and a beta of 1.27. 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 announced its earnings results 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 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 the consensus estimate of $436.49 million. During the same quarter in the previous year, the business earned $2.16 EPS. The company's revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Roth Mkm lifted their price target on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Oppenheimer lifted their price target on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Wells Fargo & Company cut their price target on OSI Systems from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, B. Riley reiterated a "buy" rating and set a $255.00 price target (up previously from $221.00) on shares of OSI Systems in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $228.33.

Insider Buying and Selling

In related news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the sale, the chairman owned 339,478 shares of the company's stock, valued at approximately $75,292,825.62. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Francis Ballhaus, Jr. sold 750 shares of OSI Systems stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $228.88, for a total transaction of $171,660.00. Following the completion of the sale, the director directly owned 24,055 shares in the company, valued at $5,505,708.40. This trade represents a 3.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,371 shares of company stock worth $9,784,380 in the last three months. Insiders own 5.20% of the company's stock.

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.