OSI Systems, Inc. (NASDAQ:OSIS) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 20.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,054 shares of the technology company's stock after acquiring an additional 4,430 shares during the period. First Trust Advisors LP owned about 0.16% of OSI Systems worth $4,362,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Richardson Financial Services Inc. boosted its stake in shares of OSI Systems by 65.6% during the fourth quarter. Richardson Financial Services Inc. now owns 154 shares of the technology company's stock valued at $26,000 after purchasing an additional 61 shares during the period. Summit Investment Advisors Inc. lifted its holdings in OSI Systems by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,660 shares of the technology company's stock valued at $278,000 after buying an additional 74 shares in the last quarter. Truvestments Capital LLC boosted its position in OSI Systems by 4.9% in the 4th quarter. Truvestments Capital LLC now owns 2,264 shares of the technology company's stock valued at $379,000 after buying an additional 105 shares during the period. Aster Capital Management DIFC Ltd bought a new position in OSI Systems in the 4th quarter worth about $25,000. Finally, Bank of Montreal Can raised its stake in shares of OSI Systems by 7.7% during the fourth quarter. Bank of Montreal Can now owns 2,152 shares of the technology company's stock valued at $360,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.21% of the company's stock.

OSI Systems Stock Down 1.9 %

Shares of OSI Systems stock traded down $4.30 on Monday, reaching $220.56. The stock had a trading volume of 208,037 shares, compared to its average volume of 188,268. The company has a quick ratio of 1.25, a current ratio of 1.88 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $3.71 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.81 and a beta of 1.19. The company has a 50 day moving average price of $193.02 and a 200 day moving average price of $180.01. OSI Systems, Inc. has a 1 year low of $129.18 and a 1 year high of $227.34.

OSI Systems (NASDAQ:OSIS - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The technology company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.06. OSI Systems had a net margin of 8.15% and a return on equity of 18.22%. The business had revenue of $444.35 million for the quarter, compared to analyst estimates of $436.49 million. During the same period in the previous year, the company earned $2.16 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

OSIS has been the topic of several research analyst reports. StockNews.com cut OSI Systems from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Oppenheimer upped their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday. B. Riley reissued a "buy" rating and set a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research report on Friday. Roth Mkm upped their price target on shares of OSI Systems from $224.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company cut their price objective on shares of OSI Systems from $220.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.33.

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.