1,841 Shares in OSI Systems, Inc. (NASDAQ:OSIS) Acquired by Toronto Dominion Bank

Toronto Dominion Bank bought a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,841 shares of the technology company's stock, valued at approximately $308,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors purchased a new position in OSI Systems during the fourth quarter worth about $97,258,000. Mawer Investment Management Ltd. bought a new position in OSI Systems in the 4th quarter valued at $63,171,000. Brown Advisory Inc. bought a new stake in shares of OSI Systems during the 4th quarter worth $45,618,000. FMR LLC raised its position in OSI Systems by 31.6% in the fourth quarter. FMR LLC now owns 847,907 shares of the technology company's stock worth $141,965,000 after acquiring an additional 203,511 shares during the period. Finally, Boston Partners boosted its stake in OSI Systems by 34.7% in the fourth quarter. Boston Partners now owns 237,882 shares of the technology company's stock valued at $39,911,000 after acquiring an additional 61,304 shares during the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OSIS shares. Roth Mkm raised their price target 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. Oppenheimer raised their target price on OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. initiated coverage on OSI Systems in a research note on Friday, February 21st. They issued a "neutral" rating and a $225.00 target price on the stock. 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 reissued a "buy" rating and issued a $255.00 price objective (up previously from $221.00) on shares of OSI Systems in a report 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

OSI Systems Stock Performance

OSIS stock traded down $4.21 during midday trading on Friday, reaching $215.98. 31,630 shares of the company's stock traded hands, compared to its average volume of 194,005. The firm has a market capitalization of $3.63 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The company has a 50-day moving average price of $206.11 and a two-hundred day moving average price of $190.67. OSI Systems, Inc. has a 52 week low of $129.18 and a 52 week high of $234.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 1.88.

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 (EPS) 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 return on equity of 18.22% and a net margin of 8.15%. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.16 EPS. As a group, equities analysts anticipate that OSI Systems, Inc. will post 9.22 EPS for the current year.

Insider Transactions at OSI Systems

In other OSI Systems news, CFO Alan I. Edrick sold 20,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $229.00, for a total value of $4,580,000.00. Following the completion of the transaction, the chief financial officer now directly owns 284,953 shares of the company's stock, valued at $65,254,237. This trade represents a 6.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the transaction, the director now owns 24,805 shares of the company's stock, valued at $5,451,394.85. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,371 shares of company stock valued at $9,547,230. 5.20% of the stock is currently owned by corporate insiders.

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.