OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,990,492 shares of the technology company's stock after buying an additional 49,634 shares during the quarter. Vanguard Group Inc. owned about 11.72% of OSI Systems worth $234,958,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of OSI Systems by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 809,069 shares of the technology company's stock worth $68,868,000 after buying an additional 5,950 shares during the last quarter. State Street Corp boosted its stake in OSI Systems by 1.2% during the 1st quarter. State Street Corp now owns 667,090 shares of the technology company's stock valued at $68,283,000 after purchasing an additional 7,591 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of OSI Systems by 7,525.3% in the first quarter. Envestnet Asset Management Inc. now owns 449,281 shares of the technology company's stock valued at $332,000 after purchasing an additional 443,389 shares during the period. JPMorgan Chase & Co. boosted its position in shares of OSI Systems by 15.1% during the first quarter. JPMorgan Chase & Co. now owns 407,770 shares of the technology company's stock worth $41,739,000 after buying an additional 53,343 shares during the period. Finally, Clearbridge Investments LLC increased its position in OSI Systems by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 378,638 shares of the technology company's stock valued at $32,230,000 after acquiring an additional 1,194 shares during the period. Hedge funds and other institutional investors own 89.21% of the company's stock.

Analyst Upgrades and Downgrades

OSIS has been the topic of a number of recent research reports. StockNews.com lowered shares of OSI Systems from a "buy" rating to a "hold" rating in a report on Wednesday. Roth Mkm lifted their target price on OSI Systems from $165.00 to $169.00 and gave the company a "buy" rating in a research report on Friday, January 26th.

OSI Systems Stock Performance

NASDAQ:OSIS traded up $1.38 during trading hours on Friday, reaching $142.82. The stock had a trading volume of 100,939 shares, compared to its average volume of 86,362. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.80 and a current ratio of 1.43. OSI Systems, Inc. has a 12-month low of $99.11 and a 12-month high of $144.03. The stock has a 50 day simple moving average of $133.19 and a 200 day simple moving average of $124.54. The stock has a market cap of $2.44 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.47. OSI Systems had a net margin of 8.31% and a return on equity of 17.35%. The firm had revenue of $373.20 million for the quarter, compared to analysts' expectations of $364.29 million. During the same quarter last year, the business posted $1.19 earnings per share. The company's revenue for the quarter was up 26.3% compared to the same quarter last year. On average, research analysts forecast that OSI Systems, Inc. will post 8.03 EPS for the current fiscal year.

Insider Activity

In other OSI Systems news, CEO Deepak Chopra sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $129.11, for a total transaction of $2,582,200.00. Following the completion of the transaction, the chief executive officer now owns 468,615 shares in the company, valued at approximately $60,502,882.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Deepak Chopra sold 20,000 shares of the business's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $129.11, for a total value of $2,582,200.00. Following the sale, the chief executive officer now directly owns 468,615 shares in the company, valued at approximately $60,502,882.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Victor S. Sze sold 15,000 shares of the company's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $130.21, for a total transaction of $1,953,150.00. Following the sale, the general counsel now owns 63,116 shares in the company, valued at $8,218,334.36. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock worth $6,503,650 over the last 90 days. Corporate insiders own 5.60% of the company's stock.

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.