OSI Systems, Inc. (NASDAQ:OSIS) Shares Purchased by Richardson Financial Services Inc.

Richardson Financial Services Inc. grew its holdings in shares of OSI Systems, Inc. (NASDAQ:OSIS) by 65.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 154 shares of the technology company’s stock after purchasing an additional 61 shares during the period. Richardson Financial Services Inc.’s holdings in OSI Systems were worth $26,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in OSI Systems by 0.9% during the third quarter. State Street Corp now owns 727,690 shares of the technology company’s stock worth $110,485,000 after acquiring an additional 6,514 shares during the period. Park Avenue Securities LLC raised its position in shares of OSI Systems by 36.0% during the 4th quarter. Park Avenue Securities LLC now owns 6,275 shares of the technology company’s stock worth $1,051,000 after purchasing an additional 1,660 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of OSI Systems by 25.8% in the 3rd quarter. Victory Capital Management Inc. now owns 123,213 shares of the technology company’s stock worth $18,707,000 after purchasing an additional 25,262 shares during the last quarter. HighTower Advisors LLC acquired a new position in OSI Systems during the 3rd quarter valued at approximately $443,000. Finally, Citigroup Inc. grew its stake in OSI Systems by 64.9% during the 3rd quarter. Citigroup Inc. now owns 27,320 shares of the technology company’s stock worth $4,148,000 after buying an additional 10,753 shares during the last quarter. 89.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Manoocher M. Aliabadi sold 1,728 shares of OSI Systems stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $180.39, for a total value of $311,713.92. Following the transaction, the insider now directly owns 80,603 shares in the company, valued at $14,539,975.17. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Keith Morben sold 155 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $199.36, for a total value of $30,900.80. Following the sale, the insider now directly owns 10,077 shares of the company’s stock, valued at approximately $2,008,950.72. This represents a 1.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,447 shares of company stock worth $8,117,582. Corporate insiders own 5.20% of the company’s stock.

OSI Systems Price Performance

NASDAQ OSIS opened at $196.44 on Monday. The firm has a market capitalization of $3.30 billion, a PE ratio of 25.28, a P/E/G ratio of 1.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.88 and a quick ratio of 1.25. OSI Systems, Inc. has a 12 month low of $126.57 and a 12 month high of $201.42. The company’s 50 day simple moving average is $175.66 and its 200 day simple moving average is $155.88.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings data on Thursday, January 23rd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.08. OSI Systems had a return on equity of 18.22% and a net margin of 8.15%. As a group, equities research analysts forecast that OSI Systems, Inc. will post 9.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on OSIS shares. StockNews.com raised shares of OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. B. Riley upped their target price on shares of OSI Systems from $180.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their price target on OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Oppenheimer increased their price objective on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Roth Mkm lifted their target price on OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, OSI Systems has a consensus rating of “Moderate Buy” and a consensus target price of $209.40.

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.