World Investment Advisors Buys New Position in OSI Systems, Inc. (NASDAQ:OSIS)

World Investment Advisors purchased a new position in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,877 shares of the technology company's stock, valued at approximately $365,000.

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

Analyst Ratings Changes

Several research firms recently issued reports on OSIS. B. Riley reiterated 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. Roth Mkm boosted their price objective on OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wall Street Zen upgraded OSI Systems from a "sell" rating to a "hold" rating in a report on Friday, May 16th. Oppenheimer boosted their price objective on OSI Systems from $225.00 to $260.00 and gave the company an "outperform" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company cut their price objective on OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, OSI Systems currently has an average rating of "Moderate Buy" and an average price target of $228.33.

OSI Systems Stock Down 0.2%

OSIS traded down $0.45 on Monday, hitting $212.30. 286,022 shares of the company were exchanged, compared to its average volume of 210,598. OSI Systems, Inc. has a twelve month low of $129.18 and a twelve month high of $241.64. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. The company has a current ratio of 2.11, a quick ratio of 1.38 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $224.77 and a two-hundred day moving average price of $202.13.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.38 by $0.06. The firm had revenue of $444.35 million during the quarter, compared to analysts' expectations of $436.49 million. OSI Systems had a return on equity of 18.37% and a net margin of 8.38%. OSI Systems's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 EPS. On average, equities analysts predict that OSI Systems, Inc. will post 9.22 earnings per share for the current year.

Insider Buying and Selling at OSI Systems

In other news, Director William Francis Ballhaus, Jr. sold 933 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total transaction of $205,045.41. Following the completion of the transaction, the director directly owned 24,805 shares of the company's stock, valued at approximately $5,451,394.85. This represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Meyer/ Luskin sold 1,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was 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 approximately $2,659,400.10. This represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,371 shares of company stock worth $9,784,380. Corporate 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.