Toronto Dominion Bank Invests $308,000 in OSI Systems, Inc. (NASDAQ:OSIS)

Toronto Dominion Bank acquired a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,841 shares of the technology company's stock, valued at approximately $308,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in OSI Systems during the fourth quarter worth $25,000. Richardson Financial Services Inc. boosted its holdings in OSI Systems by 65.6% during the 4th quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after acquiring an additional 61 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of OSI Systems by 243.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock worth $46,000 after acquiring an additional 195 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in OSI Systems by 241.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 683 shares of the technology company's stock valued at $108,000 after acquiring an additional 483 shares in the last quarter. Finally, KBC Group NV raised its stake in OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock valued at $117,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 89.21% of the company's stock.

Wall Street Analyst Weigh In

OSIS has been the subject of several research analyst reports. Wall Street Zen upgraded shares of OSI Systems from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Wells Fargo & Company lowered their target price on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. assumed coverage on shares of OSI Systems in a research report on Friday, February 21st. They issued a "neutral" rating and a $225.00 price target for the company. B. Riley reissued a "buy" rating and set a $255.00 price objective (up from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Finally, Oppenheimer upped their target price on shares of OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $228.33.

Insider Activity

In related news, Chairman Deepak Chopra sold 20,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $221.79, for a total value of $4,435,800.00. Following the sale, the chairman now owns 339,478 shares of the company's stock, valued at approximately $75,292,825.62. This represents a 5.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Francis Ballhaus, Jr. sold 933 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the transaction, the director now directly owns 24,805 shares of the company's stock, valued at $5,451,394.85. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,371 shares of company stock worth $9,547,230 over the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

OSI Systems Stock Performance

OSI Systems stock traded up $3.69 during trading hours on Tuesday, reaching $221.17. 158,637 shares of the stock were exchanged, compared to its average volume of 195,258. The stock has a market cap of $3.71 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.81 and a beta of 1.28. The firm's 50 day moving average is $206.73 and its 200 day moving average is $192.12. 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, Inc. has a 52-week low of $129.18 and a 52-week high of $234.59.

OSI Systems (NASDAQ:OSIS - Get Free Report) last announced its quarterly earnings data 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 18.22% and a net margin of 8.15%. The firm had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same quarter in the prior year, the company posted $2.16 earnings per share. OSI Systems's quarterly revenue was up 9.5% on a year-over-year basis. Analysts predict that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

OSI Systems 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.