Stifel Financial Corp Purchases 3,519 Shares of OSI Systems, Inc. (NASDAQ:OSIS)

Stifel Financial Corp grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,752 shares of the technology company's stock after buying an additional 3,519 shares during the period. Stifel Financial Corp owned 0.07% of OSI Systems worth $1,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new position in shares of OSI Systems during the fourth quarter valued at $25,000. Richardson Financial Services Inc. grew its position 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 purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in OSI Systems by 243.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 275 shares of the technology company's stock valued at $46,000 after purchasing 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 worth $108,000 after buying an additional 483 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of OSI Systems by 37.1% in the fourth quarter. KBC Group NV now owns 699 shares of the technology company's stock worth $117,000 after buying an additional 189 shares in the last quarter. 89.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OSIS has been the subject of a number of recent analyst reports. Oppenheimer boosted their price objective on shares of OSI Systems from $225.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday. Wells Fargo & Company decreased 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. StockNews.com raised OSI Systems from a "sell" rating to a "hold" rating in a research report on Monday. B. Riley reissued a "buy" rating and issued a $255.00 target price (up previously from $221.00) on shares of OSI Systems in a research report on Friday, May 2nd. Finally, Roth Mkm upped their target price on shares of OSI Systems from $224.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $228.33.

Insider Transactions at OSI Systems

In other OSI Systems news, Chairman Deepak Chopra sold 20,000 shares of OSI Systems stock in a transaction on Monday, May 5th. The shares were sold at an average price of $221.79, for a total value of $4,435,800.00. Following the completion of the transaction, the chairman now directly owns 339,478 shares of the company's stock, valued at $75,292,825.62. This trade represents a 5.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William Francis Ballhaus, Jr. sold 933 shares of OSI Systems stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $219.77, for a total value of $205,045.41. Following the completion of the transaction, the director now owns 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 disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

OSI Systems Stock Performance

Shares of OSIS traded up $1.39 on Friday, reaching $223.56. The company's stock had a trading volume of 134,062 shares, compared to its average volume of 189,997. OSI Systems, Inc. has a 12-month low of $129.18 and a 12-month high of $227.34. The stock has a market capitalization of $3.76 billion, a P/E ratio of 28.77, a PEG ratio of 1.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. The stock's 50 day simple moving average is $194.49 and its two-hundred day simple moving average is $181.63.

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

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.